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

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

Read: How Capital Bank put BoG in their pocket to get a licence without cash

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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.

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Source: Myjoyonline.com

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

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