AG To Chase Convicted Ex-TOR Boss’ Cronies
Asante Kwaku Berko The Attorney General (AG) is working with United States authorities to initiate criminal proceedings against former government officials and Members of Parliament who benefited from an Read More... The post AG To Chase Convicted Ex-TOR Boss’ Cronies appeared first on DailyGuide Network .
The Attorney General (AG) of Ghana is collaborating with United States authorities to initiate criminal proceedings against former government officials and Members of Parliament who allegedly benefited from a bribery scheme involving former Tema Oil Refinery (TOR) Managing Director Asante Kwaku Berko. Berko faces up to 30 years in prison following his conviction for conspiracy, FCPA violations, and money laundering.
Prosecutors allege that between 2014 and 2017, Berko paid bribes of over $1 million to Ghanaian government officials in connection with a power plant project, which was intended to generate significant profits. The bribery scheme reportedly involved payments to various government officials, including the Minister of Power and his senior adviser, totaling $1.25 million.
The scheme also involved payments of $250,000 to five Ghanaian officials during a trip to Turkey for equipment inspection. Berko and his co-conspirators attempted to conceal the scheme by using shell companies, misleading Goldman Sachs' compliance team, and routing payments through US and foreign bank accounts.
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