The Court of Appeal has granted William Ato Essien, founder of the defunct Capital Bank, a GH?10 million bail with two sureties pending his appeal.
This follows a campaign by some Ghanaians, including an online petition to the President for clemency on health grounds for Ato Essien.
He was convicted in October 2023 after a restitution agreement collapsed due to non-payment of funds pledged towards the alleged misappropriation of GH?90 million in Bank of Ghana liquidity support to Capital Bank.
Following his default on repayment obligations, the court sentenced him to 15 years.
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