Chief State Attorney, Evelyn Keelson, has alleged that the founder of defunct Capital Bank, William Ato Essien, and businessman, Dr Tetteh Nettey, dishonestly took ¢130 million from Capital Bank.
This money, she claims, was used to set up the defunct Sovereign Bank. Together with former Managing Director of Capital Bank, Fitzgerald Odorkor, the two have been slapped with 26 charges, including stealing various sums above ¢260 million.
Documents filed in court state that between June 2015 and November 2016, the Bank of Ghana (BOG) provided a total sum of ¢620 million as liquidity support to Capital Bank to meet its capital adequacy ratio and service its maturing debt obligations.
Mrs Keelson, on Thursday, cross-examined Dr Tetteh Nettey. She accused him of being part of the plot to dishonestly take money from Capital bank to set up another bank.
Source: Myjoyonline.com