EOCO begins financial probe into Asante Berko bribery scandal

The Economic and Organised Crime Office (EOCO) has launched a financial probe into the bribery scandal involving former Goldman Sachs banker and former Tema Oil Refinery (TOR) Managing Director, Asante Kwaku Berko. This comes after Berko's conviction in the United States for his alleged involvement in a scheme to bribe Ghanaian government officials related to a power plant project.

EOCO's investigation in Ghana began last year following a request from US authorities for information on relevant individuals, including former government officials. The office will examine financial transactions, beneficiaries, assets, and proceeds linked to suspected criminal conduct, with the aim of preserving and recovering these assets where permitted by law.

While Berko's conviction in the US does not automatically establish criminal liability in Ghana, EOCO will assess any named individuals independently based on the evidence relevant to them and in accordance with Ghanaian law. The office has cautioned that it will not disclose sensitive operational details that could hinder ongoing investigations or potential prosecutions.

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