The 26 charges levelled against Ato Essien

The 26 charges levelled against Ato Essien

Government has charged founder of defunct Capital Bank Ato Essien and three others over their roles in the collapse of the bank.

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Essien, Fitzgerald Odonkor, Tetteh Nettey and Kate Quartey-Papafio who were all executives of the bank have been hit with 26 charges by Ghana government.

According the suit sited by YEN.com.gh, Mr. Essien and Mr Nettey agreed to act together with a common purpose to steal the sum of GHc100,000,000.

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Also William Ato Essien and Kate Quartey-Papafio “between June and August 2017 in Accra in the Greater Accra Region disguised the sum of GHc70,000,000 knowing it to be proceeds of crime’’.

The case will be heard at a High Court in Accra.

Mr. Ato Essien in an interview on Metro TV revealed that Finance Minister Ken Ofori-Atta and his business associate Keli Gadzekpo wanted to buy his bank in 2016.

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Below is the list of 26 charges agaisnt Ato Essien and colleagues

The 26 charges levelled against Ato Essien

The 26 charges levelled against Ato Essien. Source: YEN.com.gh
Source: UGC

The 26 charges levelled against Ato Essien

The 26 charges levelled against Ato Essien
Source: UGC

The 26 charges levelled against Ato Essien

The 26 charges levelled against Ato Essien. Source: YEN.com.gh
Source: UGC

The 26 charges levelled against Ato Essien

The 26 charges levelled against Ato Essien
Source: UGC

PAY ATTENTION: Your favourite news website, YEN.com.gh, has been nominated for online portal of the year by the National Communications Awards. Please click here to vote and help us win

The 26 charges levelled against Ato Essien

The 26 charges levelled against Ato Essien
Source: UGC

The 26 charges levelled against Ato Essien

The 26 charges levelled against Ato Essien
Source: UGC

The 26 charges levelled against Ato Essien

The 26 charges levelled against Ato Essien
Source: UGC

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The Bank of Ghana on Monday, August 14, 2017 revoked the licences of UT and Capital banks due to their insolvency, leading to a seamless takeover of the two banks by GCB Bank.

Five other banks have since been taken over by the state over insolvency and improper management.

The Vice President says about GHc 9.9 billion of depositors monies have been saved as a result of government’s proactiveness.

YEN.com.gh earlier reported that Rwandan president Paul Kagame has launched a smartphone manufacturing plant, the first of its kind in the African continent.

Kagame launched the factory (Mara Phones Production Plant) on Monday, October 7, at the Kigali special economic zone in Gasabo district.

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Source: Yen

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