Former TOR MD and Goldman Sachs investment banker convicted of foreign bribery, money laundering
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 connection with the development of a power plant in Ghana.
Former Tor MD and Goldman Sachs investment banker Asante Kwaku Berko has been convicted of foreign bribery and money laundering conspiracy. Berko was found guilty by a federal jury in Brooklyn on all counts related to the Foreign Corrupt Practices Act (FCPA) and money laundering. The verdict came after a nine-day trial and faces up to 30 years in prison upon sentencing.
Berko's scheme involved paying over $1 million in bribes to Ghanaian government officials to secure a power plant deal for Turkish energy company Aksa. The scheme was designed to line his own pockets and those of his co-conspirators at Aksa with millions of dollars. FBI Assistant Director in Charge James C. Barnacle highlighted the importance of domestic and international partnerships in securing justice for protecting the country's financial integrity.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
