Lawyer Elikplim Agbemava says the government’s attempts to prosecute some of the officials involved in the banking crises may end in failure due to the fact that the country does not have any laws to hold officials who were cited in the boulders report for various breaches including former Capital Bank CEO, William Ato Essien.
In its first criminal action to hit a top executive of one of the collapsed banks, the A-G has leveled 26 charges against Essien and three former executives of the defunct bank —Fitzgerald Odonkor, Kate Quartey-Papafio, and Tetteh Nettey.
The charges, as filed at the Accra High Court, include conspiracy to steal, stealing and money laundering.
It is the case of the A-G that the three accused persons stole, conspired to steal or laundered more than GH¢220m belonging to the bank.
Speaking on a Joy News current affairs program, Lawyer Agbemava says Ghana’s banking laws doesn’t have provisions to deal with what Ato Essien and other banking executives allegedly did and so the government is resorting to charges that may eventually not hold up in court.