Home Politics Tema Oil Refinery manager resigns above bribery allegations

Tema Oil Refinery manager resigns above bribery allegations [ARTICLE]



A statement from the Presidency stated: “The President of the Republic, Nana Addo Dankwa Akufo-Addo, has, on Wednesday, April 15, 2020, gained the resignation from the workplace of Mr. Asante Berko as Controlling Director of the Tema Oil Refinery (TOR). This was just after he submitted his resignation letter, dated April 15, 2020.”

“President Akufo-Addo has recognized Mr. Asante Berko’s resignation, and duly notified the Board of Administrators of TOR of this development. This President wished him nicely in his future endeavours,” the assertion, signed by Eugene Arhin, Director of Communications at the Presidency, reported.


Asante K. Berko has been billed for “orchestrating a bribery plan” and arranging at the very least $2.5 million in bribes to be paid out to Ghana government officials and also bribing Users of Parliament.

Berko, an financial investment banker, who worked at Goldman Sachs Team Inc, was billed by the U.S. Securities and Exchange Fee.

In accordance to court docket files from New York, the payment was allegedly made to gain acceptance for a client’s ability plant undertaking from “2015 by means of at the very least 2016” and his action is mentioned to be in violation of the Overseas Corrupt Procedures Act (FCPA).

The federal government officials, alongside with the corporations, are not named in the court documents.

The Securities and Exchange Commission stated Asante Berko organized the bribes for a Turkish power business to funnel the money to a Ghana-based middleman but the regional enterprise then allegedly designed the payments to authorities officers.

“From close to 2015 by means of at minimum 2016 (the “suitable interval”), while utilized at the Subsidiary [Goldman Sachs Group Inc], Berko schemed to bribe various federal government officials in the Republic of Ghana (“Ghana”) so that a customer of the Subsidiary, a Turkish Energy Organization (the “Power Corporation”), would acquire a contract (the “Energy Purchase Arrangement”) to develop and function an electrical electricity plant in Ghana and promote the electrical power to the Ghanaian govt (the “Electric power Plant Undertaking” or “Venture”).”

The complaint further alleged that Berko helped the middleman shell out extra than $200,000 in bribes to different other govt officials, and Berko personally paid a lot more than $60,000 to members of the Ghanaian parliament and other federal government officers.

According to the complaint, Berko took deliberate actions to avert his employer from detecting his bribery plan, which includes misleading his employer’s compliance staff about the genuine position and purpose of the intermediary business.


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