15th October 2023 9:06:26 AM
2 mins readDeputy Attorney-General Alfred Tuah-Yeboah has clarified why Dr. Mensa Otabil was exempted from prosecution in the Capital Bank collapse, even though he was a board chairman. Criticism arose after Ato Essien's imprisonment, with some suggesting Otabil's political ties shielded him. Legal expert Martin Kpebu urged accountability for Otabil's alleged involvement.
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“People are wondering what happens to Mensa Otabil,” Kpebu said on the Key Points on TV3 on Saturday, October 14.He added “The truth of the matter is that he is a powerful person so somehow there are biases. This amount is too colossal that we can’t say the board chair doesn’t have questions to answer.”In response to Martin Kpebu's concerns, the Deputy Attorney-General revealed that Dr.
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Mensa Otabil underwent a thorough investigation and questioning.Nevertheless, the Attorney-General couldn't pursue prosecution since no wrongdoing emerged from the investigations.“They were questioned but I will need to check when it was done”, he said on TV3’s KeyPoints program.When the show's host inquired whether the Attorney-General chose not to prosecute Dr.
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Mensa Otabil due to insufficient evidence, Tuah-Yeboah responded, “based on the investigations and evidence available way back in 2017, that was what we had but it’s not closed as long as it’s a criminal case.”Ato Essien was found guilty of embezzling a staggering GH¢90 million from the bank. The judge's decision followed a thorough evaluation of the detrimental effects of Essien's actions on the bank's depositors and the country.
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The judge stated, "The convict demonstrated sheer greed in his desire to own another bank besides Capital Bank Ltd and left no stone unturned through subterfuge and deceit with pure criminal intent to set up Sovereign Bank Ltd. Being in a position of trust, he was expected to have demonstrated a sense of responsibility and true fidelity. He had no cause, whatsoever, to steal such gargantuan sums of money.
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"Justice Kyei Baffour, serving as both a Justice of the Court of Appeal and a High Court judge, underscored the severe hardships inflicted upon numerous individuals as a result of Essien's actions during the Capital Bank's collapse.
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