Prof Kwaku Asare Writes: Lessons from Berko's conviction
Asante Kwaku Berko, a former banker, was recently convicted by a federal jury in Brooklyn of violating the U.S. Foreign Corrupt Practices Act (FCPA) and related offences arising from more than $1 million in bribes paid to Ghanaian government officials in connection with a power-plant project. The verdict followed a nine-day trial.
Berko was appointed Managing Director of the Tema Oil Refinery (TOR) in January 2020 but resigned in April, shortly after U.S. authorities announced allegations arising from the power project. The U.S. Securities and Exchange Commission separately accused him of helping funnel millions of dollars through an intermediary to facilitate bribes to Ghanaian officials, including alleged payments that he personally made. In June 2021, Berko settled the SEC civ...
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Professor Kwaku Asare reflects on the conviction of Asante Kwaku Berko, a former banker involved in a bribery case related to a power-plant project
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