On Thursday, the High Court will rule on Ato Essien's case.

 


This week, the High Court is anticipated to rule on the case involving William Ato Essien, the former founder of the Capital bank.

The prosecution claims that he misappropriated the GH620 million in liquidity support provided by the Central Bank to keep the bank afloat while his trial for his alleged part in the bank's failure.

Along with him on the witness stand were Rev. Fitzgerald Odonkor, the former managing director of the bank, and Tetteh Nettey, the former managing director of MC Management Service, which is also controlled by Mr. Ato Essien.

However, they entered a not guilty plea and insisted on their innocence throughout the trial, with Mr. Ato Essien adamantly stating at all crucial times that he received Board permission for all of his decisions.

We anticipate hearing from His Lordship Eric Kyei Baffour of the Court of Appeal, sitting as an additional High Court Judge, on Thursday.


ABDUL-WAHAB

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