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EN
Asante Kwaku Berko: Ex-TOR MD and Goldman Sachs banker convicted over $1 million bribery scheme
['Kofi Owusu']
Yen.com.gh
A US court convicts former Tema Oil Refinery (TOR) Managing Director and Goldman Sachs banker Asante Kwaku Berko over a $1 million bribery scheme.
The former Tema Oil Refinery (TOR) managing director faces up to 30 years in prison, with the court ordering his remand pending his eventual sentencing.
The project involved a Turkish company in which Goldman Sachs held a 16 per cent stake.
Payments in furtherance of the bribery scheme were laundered through U.S. and foreign bank accounts.
From Goldman Sachs to federal courtBefore his role at the Tema Oil Refinery, Berko built a career at Goldman Sachs, one of the world's most prominent investment banks.