We’ll still pursue Ato Essien for ¢53m debt despite jail term – Deputy AG - MyJoyOnline

Deputy Attorney General Alfred Tuah Yeboah has said the State will not give up in its quest to recover the ¢53 million from the former CEO of the defunct Capital Bank, Ato Essien despite being handed a jail term. 

Mr Yeboah insisted that the amount will not be forfeited for any reason as the state needs it. 

Speaking in an interview with JoyNews, the Deputy AG said encumbered assets of the convict will be traced and seized. 

“If he serves this sentence, the State will still pursue him and get the remaining amount and so it is not as if he is going to serve his sentence and then the amount will be forfeited.”

Ato's imprisonment comes following his inability to fully pay the GH¢90m amount back to the State after agreeing to do so.

The accused persons, according to the prosecution, opened various bank accounts with Capital Bank through which the ¢620 million BoG liquidity support was transferred while others were carried in jute bags to Ato Essien.

Tags:   Alfred Tuah Yeboah Ato Essien Capital Bank