Ato Essien Archives - Wontumi Online

16 Oct

Airbus Scandal Investigation: Mahama Being Pampered; NPP couldn’t use power to investigate such corrupt deal – Lawyer Obiri Boahen

Evans ManassehNewsAirbus, Ato Essien, mahama, OBIRI BOAHEN

A private legal practitioner and Former Deputy General Secretary of the New Patriotic Party (NPP), lawyer Obiri Boahen says the NPP has over pampered the former president John Mahama on the Airbus bribery scandal investigations. The legal practitioner lamented on the monies spent in the acquisition of three military aircraft by the government of Ghana between 2009 and 2015. He said "What have we use the power for, Donald Trump is being prosecuted for so many charges. I don't blame president Mahama, I blame the NPP. Look at the charges against Trump in the US" He said the institutions should…

13 Oct

Sheer Greed! – Judge Fumes Before Sentencing Ato-Essien To 15-Year Jail Term

Wontumi1NewsAto Essien, Attorney General, Capital Bank Case, Judge

Justice Eric Kyei Baffour, the judge who sentenced the founder of the defunct Capital Bank, William Ato Essien, has justified his ruling. He said the convict (Ato Essien) demonstrated sheer greed and needed to pay the price for his action. Delivering his ruling on Thursday, October 12, the judge insisted that Mr Essien aimed at stealing gargantuan sums of money from the state through his conduct. According to the judge, nothing was going to have him (Ato Essien) change his mind on the matter. “The convict demonstrated sheer greed in his desire to own another bank besides Capital Bank Ltd…

12 Oct

Capital Bank’s Ato Essien Sentenced To 15 Years In Prison

Wontumi1Business, NewsAto Essien, Capital Bank, court, Prison

Founder of defunct Capital Bank, William Ato Essien has been sentenced to 15 years in prison by an Accra High Court today. Mr Essien was convicted of stealing over GH¢90m of Bank of Ghana’s liquidity support to the now-defunct financial institution. This comes after his inability to fully pay the said amount back to the State after agreeing to do so despite being afforded the opportunity. He earlier paid ¢30 million upfront in December 2022 and was required to pay ¢20 million as the first installment of the ¢60 million outstanding amount by April 28, 2023. But he was only able…

07 Jul

High Court Gives Essien Up To July 27 To Pay Outstanding GH¢12Million

Wontumi1BusinessAccra High Court, Ato Essien

The Accra High Court has given William Ato Essien, the Founder of the defunct Capital Bank up to July 27 2023, to enable him pay the outstanding of GH¢12million in respect of the second tranche as agreed in the terms of settlement. Mr Baffour Gyawu Ashia for the convict informed the Court that they have made payment of GH¢2million in addition to previously paid sums, making a total of GH 8 million since the last adjourned date, leaving a balance of GH¢12million in respect of the 2nd tranche of GH¢20million, which was to be settled by April 28, 2023. He…