{"id":719606,"date":"2019-10-09T13:18:53","date_gmt":"2019-10-09T13:18:53","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/10\/09\/ato-essien-3-others-charged-over-capital-bank-collapse\/"},"modified":"2019-10-09T13:18:53","modified_gmt":"2019-10-09T13:18:53","slug":"ato-essien-3-others-charged-over-capital-bank-collapse","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/10\/09\/ato-essien-3-others-charged-over-capital-bank-collapse\/","title":{"rendered":"Ato Essien, 3 others charged over Capital Bank collapse"},"content":{"rendered":"<p><\/p>\n<div data-io-article-url=\"https:\/\/www.adomonline.com\/ato-essien-3-others-charged-over-capital-bank-collapse\/\">\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"439\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/10\/8807791681028_3040213890425-Copy-696x439.jpg\"   alt=\"Founder of defunct Capital Bank, William Ato Essien\" title=\"Founder of defunct Capital Bank, William Ato Essien\"\/><figcaption class=\"wp-caption-text\">Founder of defunct Capital Bank, William Ato Essien<br \/>\n<\/figcaption><\/figure>\n<\/div>\n<p>Founder of defunct Capital Bank, William Ato Essien and three others; Tetteh Nettey, Fitzgerald Odonkor and Kate Quartey Papafio, have been charged over the collapse of the bank.<\/p>\n<p>The State in a suit signed by Marina Appiah Opare, Chief State Attorney levelled 26 charges against the four people.<\/p>\n<p><strong>ALSO: #Sexforgrade: MP appeals to Ghanaians to forgive Prof. Gyampo (Listen)<\/strong><\/p>\n<p>The 26 counts of charges include conspiracy to<br \/>\nsteal, abetment of crime namely stealing and money laundering.<\/p>\n<p>Capital Bank, found to be owing GH\u00a2 468 million, was among seven banks that collapsed over a 12-month period starting in August 2017 because they had become insolvent as a result of various reasons including poor corporate governance decisions.<\/p>\n<p><strong>ALSO: Unhappy law students send fresh message to Akufo-Addo<\/strong><\/p>\n<p>The charges follow a recent announcement by the Attorney General to prosecute 50 directors and owners of collapsed banks in Ghana.<\/p>\n<p> Receivers of the banks have also begun legal proceedings against them for their roles in the collapse of the banks.<\/p>\n<p>The other banks were UT, which was taken over by the state-owned GCB Bank along with Capital Bank, Beige Bank, Sovereign Bank, Construction Bank, uniBank, and Royal Bank, all of which were consolidated into the Consolidated Bank of Ghana.<\/p>\n<p><strong>Below is the charge sheet<\/strong>:<\/p>\n<figure><iframe loading=\"lazy\" height=\"600\" src=\"https:\/\/www.scribd.com\/embeds\/429466166\/content?start_page=1&amp;view_mode=scroll&amp;access_key=key-UINM9IEC0VCuohScEAov&amp;show_recommendations=true\" width=\"100%\"><\/iframe><\/figure>\n<p><strong>Source: Adomonline.com<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Founder of defunct Capital Bank, William Ato Essien Founder of defunct Capital Bank, William Ato Essien and three others; Tetteh Nettey, Fitzgerald Odonkor and Kate Quartey Papafio, have been charged over the collapse of the bank. The State in a suit signed by Marina Appiah Opare, Chief State Attorney levelled 26 charges against the four [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":719607,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-719606","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ato Essien, 3 others charged over Capital Bank collapse - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/10\/09\/ato-essien-3-others-charged-over-capital-bank-collapse\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ato Essien, 3 others charged over Capital Bank collapse - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Founder of defunct Capital Bank, William Ato Essien Founder of defunct Capital Bank, William Ato Essien and three others; Tetteh Nettey, Fitzgerald Odonkor and Kate Quartey Papafio, have been charged over the collapse of the bank. 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