State proceeds on criminal action against shareholders and directors of defunct Capital Bank

William Ato Essien founder of the defunct Capital Bank and three others have been hit with 26 charges by the State over their role in the collapse of the bank.

The three other persons who were charged are Fitzgerald Odonkor, Tetteh Nettey and Kate Quartey-Papafio who were all executives of the bank.

Some of the charges include ; Conspiracy to steal contrary to sections 23(1) and 124 (1) of the Criminal Offences Act, 1960 (Act 29), Abetment of crime namely stealing contrary to section 20(1) and 124(1) of the Criminal Offences Act, 1960 (Act 29) among others.

READ ALSO: Video: Finance Minister offered to buy Capital Bank – Ato Essien

Recently Ato Essien who is very outspoken claimed that Finance Minister Ken Ofori-Atta and his business associate Keli Gadzekpo wanted to buy his bank in 2016.

He claimed that the narrative surrounding the status of the bank after it was put into administration has changed significantly and it was time for him to speak out.

“If the bank was that bad would the current Finance Minister and the board chairman of Enterprise Keli Gadzekpo come to my office to say we are interested to buy Capital bank? Ken Ofori-Atta came to my office in 2016 to make that proposal,” he told Paul Adom-Otchere on Metro TV.

READ ALSO: Ken Ofori-Atta reacts to the planned acquisition of Capital bank

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.

Below is the charge sheet