The Accra High Court has given another lifeline to the convicted Founder of the Capital Bank, William Ato Essien by extending the payment of GH¢20million restitution to the state to July 27, 2023. The GH¢20 million represents the first tranche of a total of 60 million expected to be paid to the state. The court, […]
The High Court in Accra has rejected an attempt by the founder of the defunct Capital Bank, William Ato Essien, to renegotiate a GH¢60 million settlement to the state. Essien who was convicted for stealing over GH¢90million of Bank of Ghana’s liquidity support to the bank was supposed to have paid 20 million of the […]
The Accra High Court has rejected an amount of Ghc90m by William Ato Essien, the Founder of the defunct Capital Bank to possibly escape jail in a trial in which he has been accused of stealing depositors fund. Justice Eric Kyei Baffour was ready today with his judgment but had to pause after lawyers for […]
The Accra High Court will on July 8, this year, rule on a submission of “no case” filed by the Founder of the defunct Capital Bank, William Ato Essien, and three others accused of stealing depositors’ funds leading to the collapse of the bank. The other accused persons are the then Managing Director of the […]
One of the receivers of the defunct Capital Bank, Mr Vish Ashiagbor, yesterday took the witness box to testify as a prosecution witness in the trial of the Founder of the bank, William Ato Essien, and three others who have been accused of collapsing the bank. Mr Ashiagbor and Mr Eric Nana Nipah, both Directors […]
JoyNews reproduced the facts of the case as presented by the state in the trial of the founder of defunct Capital Bank Ato Essien and three others. They have been slapped with 26 charges including stealing of various sums in excess of ¢260 million. Republic vs William Ato Essien Tetteh Nettey Fitzgerald Odonkor Kate Quartey-Papafio FACTS The […]
Ato Essien, CEO of defunct Capital Bank has been arraigned before the High Court by the Republic over the role he played which led to the collapse of the bank, ABC News can report. The suit filed by the State is against Ato Essien and three other officials of the defunct bank, Fitzgerald Odonkor, Tetteh Nettey, and […]
Workers of erstwhile Capital Bank and UT Bank are appealing to the Bank of Ghana (BoG) to, at least, offer them a 50% discount on the loans they took while working with their respective banks. Their appeal follows information from the Joint Receivers indicating that their exit pay will be paid without any discount on […]
Former employees of defunct capital bank will from Friday, January 18, 2019 begin receiving the severance packages. A statement issued by the joint receivers of the now defunct bank has confirmed. The current information is a follow up on an earlier press release issued in the dailies on the 10th of January 2019. This news […]
Ex-staff of some banks whose licenses were withdrawn by the Bank of Ghana will be considered for payment in place of the Central Bank “on humanitarian grounds,” the regulator has said. Elsie Addo Awadzi, Deputy BoG Governor said the Central Bank is prepared to waive its second position for the sake of the workers of defunct UT and Capital Banks so that they get some benefits […]
By Selorm GBORBIDZI, Accra Despite assurances by the Minister of Finance, Ken Ofori-Atta that workers of the now defunct UT and Capital Banks would be paid, the workers are still yet to receive their benefits. The workers, who number about 1200, in a press statement signed by the their representatives Phillip Yawson and Raymond Addai […]
