The Accra High Court has slapped a 15-year jail term on the founder of defunct Capital Bank, William Ato Essien for stealing over GH₵90 million belonging to the bank.
Essien who was convicted in December last year for stealing over GH₵90m belonging to Capital Bank, avoided a custodial sentence after the court accepted an agreement between him and the Attorney-General (A-G) for him (Essien) to pay the GH¢90 million as restitution to the state.
In a ruling this afternoon, the court, presided over by Justice Eric Kyei Baffour, held that Essien has failed to pay the restitution to the state per the agreed terms with the A-G.
SOURCE: GRAPHICONLINE
