Bribing of government officials and MPs in power deal completely false – Asante Berko responds

Bribing of government officials and MPs in power deal completely false – Asante Berko responds

Asante Berko - Managing Director of the Tema Oil Refinery (TOR)

Former Goldman Sachs Group Incorporated executive, a London subsidiary, Asante Berko has denied arranging at least $2.5 million in bribes meant for Ghana government officials and Members of Parliament in a bid to help a Turkish company secure a power purchase agreement deal in Ghana.

Asante Berko who is currently the Managing Director of the Tema Oil Refinery (TOR) has been charged by the U.S Securities and Exchange Commission (SEC) for allegedly making payments to gain approval for a client’s power plant project from “2015 through at least 2016,” according to New York’s court documents.

Also Read: Bribery scandal unmasked in Ghana, Managing Director of TOR fingered

According to the document, Mr Berko is alleged to have funnelled the bribes through a Ghana-based intermediary for onward disbursement.

Charges are false claims

But the former banker in a statement has clarified that although the US SEC had initiated proceedings against him, allegations that he bribed government officials and MPs are completely false.

“While it is true that the SEC has just this week issued such proceedings against me, the allegations that government officials and members of Parliament were bribed by me are completely false.”

“I state categorically that I have not paid any bribes to government officials, Members of Parliament nor any officials of Parliament. I have had no contact with Members of Parliament nor officials of Parliament, regarding the approval of this transaction,” he said in the statement.

Read below is the full statement

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