Ex-Goldman Banker Settles SEC's Ghana Bribery Case

Law360 (June 23, 2021, 8:06 PM EDT) -- A former executive at Goldman Sachs U.K. on Wednesday settled the U.S. Securities and Exchange Commission's claims that he funneled at least $2.5 million in bribes to government officials in Ghana to secure a power plant contract for a Turkish energy company.

Without admitting to or denying the allegations against him, Asante Berko agreed to pay just over $329,000 to resolve the regulator's enforcement action, which accused him of violating the Foreign Corrupt Practices Act by paying off members of parliament and key government officials through a Ghana-based shell company.

The agency said $275,000 of that were ill-gotten profits from the alleged...

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