(CEO) of the dead Capital Bank, William Ato Essien has been allowed a 20-day final offer to close dealings for remuneration with the state.
In the perspective on the Commercial Division of the Accra High Court, would be needed to mount the agenda to open his safeguard on November 4, in case he couldn't agree with the arraignment.
Legal advisor Baffour Gyau Bonsu Ashia holding Thaddeus Sory's brief told the Court on Thursday, October 14, 2021 that, they have chosen to re-enact Section 35 of the Courts Act with the arraignment.
"My Lord, before the preliminary started in this court the main denounced individual made an application in this court to exploit the arrangement in Section 35 of the Courts Act. My Lord, we began conversations with the arraignment however the conversation experienced a few postponements thus it went to a brief stop.
"We have sent a letter to the arraignment mentioning that conversations should continue. We have gotten a reaction from the arraignment demonstrating their ability to bear the cost of us the chance. It is our modest supplication that this court inclines towards us and manage the cost of us the chance," he noted.
In light of that, Mrs Marina Appiah-Opare, a Chief State Attorney addressing the state let the court know that the state's eagerness to continue arrangements with the principal charged.
"To be sure, we have gotten a solicitation from the initial charged individual through his insight for the resumption of conversations in regard of their craving to exploit Section 35 of the courts act and make compensation."
She added "we are available to continuing the said conversation and we have appropriately educated direction for the primary denounced individual. We are saying that the said conversation we trust ought not require over about fourteen days and along these lines if this court is disapproved to allow a suspension it ought to be fourteen days."
The managing judge Justice Eric Kyei Baffour, Justice of the Court of Appeal sitting with extra obligation as a High Court judge who adjounde the case to November 4 said "As the learned Chief State Attorney has affirmed to the court that the principal blamed is as yet envious for receiving the reward of Section 35 of the courts act, Act 459 (1994) as far as proposition to pay remuneration and compensation to the republic for whatever supposed misfortunes caused the Republic, I have painstakingly thought to be the supplication and have likewise adjusted it against the need not to unnecessarily or endlessly hold in abayance the preliminary which he should open his protection after indictment had called 17 observers and shut its case.
He said, "Gauging these two contending interests and adjusting same, I am of the view that not over 20 days intermission to empower the gatherings finish up exchanges would be a well-suited time. In case that isn't accomplished, no foul play at all would be occasioned the principal charged if the preliminary were to continue while the gatherings endeavor to close the exchanges.
"As needs be," he said "the court will continue with the preliminary on the following dismissed date regardless of whether there is no arrangement all together not to penetrate the main denounced individual's on the right track to reasonable preliminary inside a sensible time as spelt out by the constitution," the court said.
Ato Essien, along with Fitzgerald Odonkor, the Managing Director of the bank, and Tettey Nettey, the Managing Director of MC Management Services, an organization said to be possessed by Essien, have been blamed for taking contributors' supports prompting the breakdown of the bank.
They have all denied the allegation of scheming and taking GH¢620 million liquidity support given to the ancient Capital Bank by the Bank of Ghana (BoG).