Business News of Thursday, 2 November 2017Source: dailyguideafrica.comCapital Bank boss in fresh scandalWilliam Ato EssienThe man, whose alleged dubious deal caused the collapse of Capital Bank, is purportedly in a fresh financial scandal, robbing Ghanaians of their money running into several millions of Ghana cedis. Part of the money allegedly found its way into other phony businesses purportedly set up by Ato Essien, including an insurance company. Interestingly, while the scandal was brewing, the Banking Supervision Division staff of the Bank of Ghana (BoG) looked on as if the scandal was plotted. Ato Essien and other directors of defunct Capital Bank are under investigation by the BoG for corporate governance and other related charges, including siphoning of depositors’ funds. Capital Bank and UT Bank were recently taken over by GCB Bank under the BoG directive owing to insolvency.

Source: GhanaWeb November 02, 2017 09:33 UTC