The Attorney-General has filed a motion on notice asking the High Court to impose a custodial sentence on the founder of defunct Capital Bank, William Ato Essien, over his failure to pay ¢20 million to the state which was due on the 28, April 2023.
Mr Essien in 2022 entered into an agreement with the state on the eve of the court delivering judgement in the case in which he was charged with the offences of stealing and money laundering for his role in the collapse of the bank.
After he pleaded guilty to all the charges under the terms of the agreement, he was to pay an amount of ¢90 million.
A third of the amount was to be paid upfront with the remaining ¢60 million to be paid in three instalments (¢20 million each) within a year from the date of conviction.
Documents filed on behalf of the Attorney-General reveal that as of today, Tuesday, May 2, 2023, the first instalment of ¢20 million cedis had not been paid.
