The U.S. securities regulator on Monday charged a former banker at Goldman Sachs Group Inc (GS.N) for arranging at least $2.5 million in bribes to be paid to Ghana government officials to gain approval for a client’s power plant project.
The Securities and Exchange Commission said here Asante Berko, a former employee at a subsidiary of the U.S. lender, arranged the bribes for a Turkish energy company to funnel the money to a Ghana-based intermediary, which then paid the local officials.
“Goldman Sachs fully cooperated with the SEC’s investigation and as stated by the SEC in its press release, the firm’s compliance personnel took appropriate steps to prevent the firm from participating in the transaction,” company spokeswoman Nicole Sharp said.
Berko helped the Ghana-based intermediary pay more than $200,000 in bribes to various other government officials, and personally paid more than $60,000 to members of the Ghanaian parliament and other government officials, the SEC statement said, adding that Berko took deliberate measures to prevent his employer from detecting the bribery scheme.
The regulator filed the complaint in the U.S. District Court for the Eastern District of New York and is seeking monetary penalties, among other remedies, against Berko.
The Wall Street Journal had reported the news earlier in the day.
Source: Reuters
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You these two guys are just stupiiiiiiiiid to say the least. Where was Mahama mentioned in this write up. Per your stupiiiiiiiid comments does it mean that Akufo Addo is also involved in all scandals that has bedeviled his administration. Sometimes comment like humans and not like idiooooots which I believe you guys are.
This is Reuters report not Joyfm where are those paid ndc goroboys who go around defending the indifensibles john mahama again? A thi**ef is always a thie**f no matter what he becomes and this guy think Ghana is for his father so has to come back to rule with no policy no program,no vision but agenda to create l000*t and share somebody tell john mahama to come for Ghana because he own it you craz*y papa ! Such an international conman? He will see the gate way to the Jubilee house but will never enter....okronfu takyiamoa like that nothing good is said about him after being sent home by the good people of Ghana to opposition. Every international scandal he dey! What kind of person is that? and he think Ghanaians are foo00*0ls with short memory so he doesn't respect the people's decision and think he is somebody than anyone so he is coming back apuuu**uu tooo*ooo tweaaaa kai !!! Ndc will Rust and Rot in Opposition.
And they want to come back to power. NEVER!!! This is Government official 1 (Part 2). John Mahama is now John Ford Airbus Power Mahama. The guy is only cleaver at stealing from the state.