Former Goldman Sachs Investment Banker Convicted of Foreign Bribery and Money Laundering
BROOKLYN, NY – Asante Kwaku Berko, a dual citizen of the United States and Ghana, was convicted today by a federal jury in Brooklyn on all counts of an indictment charging conspiracy to violate the Foreign Corrupt Practices Act (FCPA), violating the FCPA, and money laundering conspiracy for paying bribes to Ghanaian government officials in […] The post Former Goldman Sachs Investment Banker…
Asante Kwaku Berko, a US and Ghanaian citizen, was found guilty by a jury in Brooklyn on charges of conspiracy to violate the Foreign Corrupt Practices Act (FCPA), FCPA violations, and money laundering conspiracy. These charges stem from his alleged payments of bribes to Ghanaian officials while working at Goldman Sachs on a power plant project in Ghana.
Sentencing is pending, with a potential maximum of 30 years in prison. United States Attorney Joseph Nocella, Assistant Attorney General A. Tysen Duva, and FBI Assistant Director James C. Barnacle Jr. praised the conviction as a victory against corruption, emphasizing that American companies must compete fairly in a global economy.
The FBI credited assistance from various government agencies and international partners in securing the arrest and extradition of Berko.
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