The fate of the beleaguered founder of now-defunct Capital Bank, Mr William Ato Essien; the Managing Director (MD) of the bank, Rev. Fitzgerald Odonkor, and Mr Tettey Nettey, the MD of MC Management Services, a company said to be owned by the founder, will be determined today, Thursday, 1 December 2022, as the court delivers its judgement.

The three have all pleaded not guilty to a combined 23 charges of stealing, abetment to stealing, conspiracy to steal and money laundering.

Mr William Ato Essien, the first accused person; Tettey Nettey, the second accused person and Rev Odonkor, the third accused person, have all mounted their defence to the charges.

Justice Eric Kyei Baffour, a Justice of the Court of Appeal sitting with additional responsibility as a High Court judge, has been presiding over the trial which started on October 15, 2019, and ends today, December 1, 2022 — after two years and five months.

The judgement of Justice Eric Kyei Baffour will be delivered at 11:00 am today.

The three accused persons have been accused of engaging in various illegal acts that led to the dissipation of the GH¢620 million liquidity support given to Capital Bank by the Bank of Ghana (BoG) between June 2015 and November 2016.

Following a bail application by their respective lawyers, Essien, Nettey and Odonkor were each granted bail in the sum of GH¢200 million with two sureties who were to be of good character and substance.