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Capital Bank case: State rejects Ato Essien’s payment plan

The Attorney General’s Office has rejected the refund agreement submitted by the founder of defunct Capital Bank William Ato Essien.

Ato Essien is facing criminal charges for the collapsed of Capital Bank.

He had written to the Attorney General’s Office for a payment plan.

He had told an Accra High Court in May this year, through his lawyers, that he is willing to refund GHS27.5 million to the state, so that some of the charges levelled against him in connection with the collapse of the bank will be dropped.

But Chief State Attorney, Marina Appiah Opare today 18 June 2020 told an Accra High Court the agreement was “totally unacceptable”.

According to her, the terms were not favourable to the State.

However, she said the State has since received another proposal and was currently studying it.

Justice Kyei Baffour adjourned proceedings to 9 July 2020,  saying should the State fail to reach an agreement, the case will proceed.

Mr Essien and three others are facing 26 charges for various roles they played leading to the collapse of Capital Bank.

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Atuobi Alex

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