
<p class="has-medium-font-size"><strong>The Accra High Court has delivered a verdict sentencing William Ato Essien, the founder of defunct Capital Bank, to 15 years in prison for his involvement in a massive financial theft scandal.</strong></p>



<p>The sentence was issued following Essien&#8217;s conviction for stealing over GHâµ90 million belonging to the bank, which had received liquidity support from the Bank of Ghana.</p>



<figure class="wp-block-image size-full"><img src="https://cdn.occupygh.com/file/occupygh/2023/10/JGYcHcsU-Capital-Bank-CEO-William-Ato-Essien-Jailed--jpeg.webp" alt="Capital Bank CEO William Ato Essien Jailed" class="wp-image-187770"/><figcaption class="wp-element-caption"><em>Capital Bank CEO William Ato Essien</em></figcaption></figure>



<p>The trial revealed that despite being given opportunities to repay the substantial amount, Essien failed to make full restitution to the State. </p>



<p>He initially paid ¢30 million in December 2022 and was mandated to make a ¢20 million first installment by April 28, 2023, to settle the remaining ¢60 million debt.</p>



<p>Despite this arrangement, Essien only managed to pay ¢5 million. Subsequently, he was given until July 4 to liquidate his assets and reimburse the state ¢55 million, but this deadline passed without any payment made.</p>



<figure class="wp-block-image size-full is-resized"><img src="https://cdn.occupygh.com/file/occupygh/2023/10/Capital-Bank.jpg" alt="Capital Bank" class="wp-image-187772" style="width:588px;height:328px" width="588" height="328"/><figcaption class="wp-element-caption"><em>Capital Bank</em></figcaption></figure>



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<p><strong>Source</strong>: <a href="http://OccupyGh.com">OccupyGh.com</a> </p><p class="has-text-align-center has-large-font-size"><a href="https://chat.whatsapp.com/JVGCtXdCoiKHCI3CXwMC5l" target="_blank" rel="noreferrer noopener">Tap To Join Our</a> WhatsApp Community</p> 

- Neil Blackson 2 years ago
Capital Bank CEO William Ato Essien Jailed 15 Years In Prison (DETAILS)
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