The founder of the defunct Capital Bank, William Ato Essien, who has been accused of collapsing the bank, shed tears at the Accra High Court Thursday afternoon as he described the formation and successes of the defunct bank.
Essien who was continuing with his defence, broke into tears when he told the court that Capital Bank would had been a household name if it was still in operation.
“There was absolutely no doubt that all that it required was just a matter of time and Capital Bank would have become a household name ,” he said.
As he spoke the words, Essien's voice became hoarse, and he started wiping his tears.
The presiding judge, Justice Eric Kyei Baffour, a Justice of the Court of Appeal sitting as a High Court judge, asked his court clerk to offer Essien a tissue and water.
A lawyer in the courtroom stood up and offered a tissue as the court clerk went out to get water for Essien.
Essien described the formation, shareholder structure of Capital Bank as well as some of the innovations initiated by the defunct bank.
He will continue the defence on November 18.
Not guilty
Essien is standing trial with the Managing Director (MD) of the defunct bank, Fitzgerald Odonkor, and the MD of MC Management Services, Tettey Nettey.
MC Management Services is said to be owned by Essien.
The accused persons have pleaded not guilty to all the charges of stealing, abetment to stealing, conspiracy to steal and money laundering.
The prosecution has accused the three people of engaging in various illegal acts that led to the dissipation of the GH¢620-million liquidity support given to Capital Bank by the BoG between June 2015 and November 2016.
It is the case of the A-G that Essien, with Odonkor’s aid, transferred the liquidity support to certain companies either controlled by him or in which he had interest.
Source: Daily Graphic
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New strategy in town. when you are caught just cry and play on the sympathy of Ghanaians since others did it and it worked. This country is failed state. Nothing works here.
Crocodile tears. You deserve to rot in jail, you hypocrite! The bank needed liquidity support; think of it! You mismanaged a fully capitalized BANK to the point of it needing liquidity support only to then surreptitiously divert the lifesaving funds when the support was graciously provided by the Central Bank. Can you imagine how many Ghanaians could have used that money to transform their lives and businesses? You are a CRIMINAL! You deserve to smell jail for a while. Nobody collapsed your Bank; you did it yourself, with a simple pen controlled by an evil mindset. You see how nostalgia has caught you!
Mr. Essien is the most criminal guy in Ghana today who always shears as if he is innocent .His behavior depicts criminalities