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...
Quick Summary
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
Summary - read the full story for complete context.

Image: MyJoyOnline
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from MyJoyOnline
Related Stories
More from Politics

Treat military aviation safety as national security priority - Adib Saani
Why is military aviation safety a critical national security concern for Ghana, and what are the potential risks if it's not prioritized?
3h ago•4 min read

NDC's future depends on youth wing - Armah Buah
Discover why a prominent minister believes the NDC's future hinges on its youth and what this means for Ghana's political landscape.
6h ago•2 min read

Prosecuting politicians does not mean Ghana's democracy is under attack - Duncan Amoah to NPP
Duncan Amoah challenges the NPP's claims about democracy being under attack, raising questions about the true nature of political accountability in
6h ago•2 min read

Duncan Amoah cautions against political threats in Ghana's democracy
Political actors are being warned about the potential long-term consequences of subtle threats in Ghana's political landscape.
6h ago•2 min read





