Sheer greed! - Judge fumes before sentencing Ato-Essien to 15-year jail term - MyJoyOnline

Justice Eric Kyei Baffour, the judge who sentenced the founder of the defunct Capital Bank, William Ato Essien, has justified his ruling. 

“The convict demonstrated sheer greed in his desire to own another bank besides Capital Bank Ltd and left no stone unturned through subterfuge and deceit with pure criminal intent to set up Sovereign Bank Ltd.”

Mr Essien was sentenced to 15 years imprisonment with hard labour by Justice Eric Kyei Baffour. 

The state then submitted a request to the court, seeking a custodial sentence in line with the agreed terms.

Essien were charged with 23 counts of conspiracy, stealing from the ¢620 million liquidity support given to the bank by the Bank of Ghana (BoG), to enable it to service its maturing debt.

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.

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