Nordea Capital has no relation with defunct Capital Bank

William Ato Essien, founder of defunct Capital Bank is not related to Nordea Capital Limited, and does not hold, has never held any direct or indirect stake in Nordea, neither has he ever had any authority whatsoever from Nordea to act for or on its behalf.

“Nordea Capital wishes to distance itself and remains committed to serving its cherished clients with first class investment banking and asset management services,” a statement signed by C. J. Plus Attorneys Solicitors for Nordea Capital and copied to the Ghana News Agency in Accra stated.

The statement said Nordea Capital only engaged as an arranger for a commercial paper issued by MC Management Service and Brietling Services with Capital Bank as the investor.

“We therefore categorically denied any purported investment of GHC 65,000,000.00 of the Bank of Ghana liquidity support in Nordea Capital Limited by Mr Ato Essien.

“Any linkage with Mr Ato Essien and Capital Bank was solely based on our role as an arranger for the commercial paper issues, a role we played within the authorized business of Nordea Capital as an investment Banking and Asset Management firm,” the statement said.

Source: GNA

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