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He added that Seidu Agongo had to take legal action to ensure that the good things are done to take possession of his bank.
Earlier this month, the BoG revoked the Heritage Bank license. Dr. Ernest Addison, governor of the central bank, said it was because the bank's initial funding source is currently the foundation for criminal prosecution in court.
He added that Seidu Agongo was not a "suitable person" to be a major shareholder of HBL.
In a statement, however, Agongo said that the decision of the BoG was pre-judged, which should not have happened.
He added: "The decision that I am not a suitable person to be a major shareholder of HBL because the Central Bank suspects that the funds come from illicit or suspicious contracts with Cocobod is not just to prejudge the bank. 39, outcome of criminal proceedings but also violation of the principle of presumption of innocence to which each individual is entitled.How since suspicion substitutes for credible evidence?
In establishing HBL, he insisted that "I did not engage in any underhanded transaction and, as the Central Bank has repeatedly testified, HBL was a very well-governed Ghanaian bank, which remained solvent until the end ".
But Professor Gatsi said, "This is part of his rights as a citizen and as a shareholder, which is protected by various constitutional provisions set out in Articles 18, 19 and 20 of the Constitution." Some of these articles speak of the innocence of a person, any criminal proceedings until he is found guilty by a competent court [but] this has not been done. "
In an interview in Accra, he said that Agongo should "trigger legal action to make things right."
"We can not live in a country where people use regulatory power to undermine the provisions of the constitution."
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