{"id":1266780,"date":"2022-12-17T19:48:25","date_gmt":"2022-12-17T19:48:25","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/12\/17\/ato-essien-is-a-convict-he-cant-be-md-of-any-bank-or-hold-any-public-office-kpebu\/"},"modified":"2022-12-17T19:48:25","modified_gmt":"2022-12-17T19:48:25","slug":"ato-essien-is-a-convict-he-cant-be-md-of-any-bank-or-hold-any-public-office-kpebu","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/12\/17\/ato-essien-is-a-convict-he-cant-be-md-of-any-bank-or-hold-any-public-office-kpebu\/","title":{"rendered":"Ato Essien is a convict, he can&#8217;t be MD of any bank or hold any public office &#8211; Kpebu"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"387\"  alt=\"\" title=\"William Ato Essien Capital Bank\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/12\/William-Ato-Essien-Capital-Bank.jpg\" data- class=\"entry-thumb td-modal-image lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"387\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/12\/William-Ato-Essien-Capital-Bank.jpg\"   alt=\"\" title=\"William Ato Essien Capital Bank\"\/><\/noscript><figcaption class=\"wp-caption-text\">William Ato Essien<\/figcaption><\/figure>\n<\/div>\n<p><strong>Although the Founder of the defunct Capital Bank William Ato Essien escaped jail term, he is still a convict, Private legal practitioner Martin Kpebu has said.<\/strong><\/p>\n<p>Per the laws of the land, Mr Kpebu said, Ato Essien as a convict cannot hold any public office or even be a managing director of any bank in Ghana.<\/p>\n<p>Ato Essien was accused of siphoning liquidity support of \u00a2620 million bailouts given by the Bank of Ghana (BoG).<\/p>\n<p>According to the prosecution, the accused persons opened various bank accounts with Capital Bank through which the \u00a2620 million liquidity support was transferred.<\/p>\n<p>Mr Ato Essien, who pleaded guilty to his charges, cited a former Chief Justice, Sophia Akuffo, on debt recoveries rather than prosecutions.<\/p>\n<p>His repayment proposition was, therefore, agreed to by the presiding judge Eric Kyei Baffour.<\/p>\n<p>Per the terms of the agreement, he is to pay back GH\u00a290 million in total: an initial GH\u00a230 million and GH\u00a260 million in 3 installment to the state.<\/p>\n<p>Commenting on this on the Key Points on TV3 Saturday December 17, Mr Martin Kpebu said although is he is escaping jail term, he will still suffer several losses.<\/p>\n<p>\u201cHe cannot be a Minister of State, he can\u2019t be a managing director of any bank, Ghanaians if you see him that way there is red flag,\u201d he said.<\/p>\n<p>He added that Ato Essien will be questioned if he decides to travel to the US or UK because \u201cin filling the travel forms there is a portion that says, \u2018have you been convicted of felony?\u2019 Yes, stealing is felony.\u201d<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>William Ato Essien Although the Founder of the defunct Capital Bank William Ato Essien escaped jail term, he is still a convict, Private legal practitioner Martin Kpebu has said. Per the laws of the land, Mr Kpebu said, Ato Essien as a convict cannot hold any public office or even be a managing director of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1264637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[4072,557,29879,7628,2063,17196,87,2154],"class_list":{"0":"post-1266780","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ato","9":"tag-bank","10":"tag-convict","11":"tag-essien","12":"tag-hold","13":"tag-kpebu","14":"tag-office","15":"tag-public"},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1266780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1266780"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1266780\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1266780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1266780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1266780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}