THE INSIGHT NEWSPAPER PREDICTED COLLAPSE OF CAPITAL BANK AND GOT SUED

single-image

Sharing is caring!

The managing editor of the Insight Newspaper, Kwesi Pratt Jnr on 19th Januray, 2015 revealed some damning information indicating that the defunct First Capital Plus Bank that metamorphosed into Capital Bank was on the verge of collapse.

The Insight Newspaper revealed that a memorandum signed by the then Chief Executive Officer, Mr. John Kofi Mensah claims that it may not be able to meet its obligations to its clients.

 

The memorandum was addressed to the board of the Bank whose chairman happens to be Dr. Mensa Anamua Otabil spelled out numerous cases of mismanagement and corruption.

 

In the aftermath of the collapse of the capital bank and the recent report of some six hundred and ten million Ghana cedis given to the capital bank by the Bank of Ghana that has been misappropriated, PABMCGHNEWS produce copies of the publications by the INSIGHT NEWSPAPER.

shares