High Court to give judgement on Ato Essien’s case this week
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The High Court this week is expected to deliver judgment in the matter of the founder of now-defunct Capital bank, William Ato Essien.
He has been tried for his alleged role in the collapse of the bank, with the prosecution accusing him of the misappropriation of GH¢620 million liquidity support extended by the Central Bank to help keep the bank afloat.
He stood trial together with the former Managing Director of the Bank, Rev. Fitzgerald Odonkor, and a former Managing Director of MC Management Service, Tetteh Nettey, also owned by Mr. Ato Essien.
Together, they were tried on 23 counts of criminality, including conspiracy to steal and stealing.
They however pleaded not guilty to the charges and maintained their innocence all throughout the trial with Mr. Ato Essien maintaining at all material moments that he had Board approval for all actions he took.
His Lordship Eric Kyei Baffour of the Court of Appeal sitting as an additional High Court Judge is thus expected to deliver judgment in the matter on Thursday.
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ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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