Infographic: How Ato Essien used ¢80m of depositors funds

Infographic: How Ato Essien used ¢80m of depositors funds

An exclusive financial autopsy report into the collapse of Capital Bank has revealed its majority shareholder, Ato Essien used ¢80m of depositors and public funds for his personal piggy bank.

The exclusive report to Joy News shows Mr Ato Essien who founded the bank, “flouted all banking and risk management rules” in the management of monies saved there by its customers.

The businessman personally invested these monies into businesses in breach of standard corporate governance practices.

Infographic Ato Forson 2

 

 

Source:Myjoyonline

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Refinery: TOR products may struggle to get buyers – Energy expert reveals

A prominent energy expert has strongly criticised the president’s recent push to revive the ailing ...