Embattled TOR MD resigns after $2.5m bribery allegations

The Managing Director of the Tema Oil Refinery, Asante Berko has officially and finally resigned from his post.

His reaignation letter was today, 15th April, 2020 officially received and accepted by the President of the Republic, His Excellency, Nana Addo Dankwa Akufo-Addo.

This was contained in a statement signed by the Director of Communications at the Presidency, Eugene Arhin.

“President Akufo-Addo has accepts d Mr. Asante Berko’s resignation and duly notified the Board of Directors of TOR of this development”, it added.

Therefore wishes him well in his future endeavours.

The resignation of the TOR MD comes shortly after a recent bribery scandal he allegedly was involved in.

On Monday, April 13, the US Securities and Exchange Commission in a statement said Asante Berko, who was a former employee at Goldman Sachs, arranged bribes for a Turkish energy company to funnel the money to a Ghana-based intermediary, which was then paid the government officials.

Asante Berko is alleged to have arranged for the energy company to funnel between US$3 million to US$4.5 million to the intermediary company where he paid more than US$200,000 in bribes to various other government officials for approving a Power Plant Project.

Adding, he personally also paid more than US$60,000 to members of Ghana’s parliament to gain further approval for the project.

US SEC says Asante Berko took deliberate measures to prevent his employer from detecting the bribery scheme and is said to be in violation of the Foreign Corrupt Practices Act (FCPA).

Below is the Statement:

Source: www.thenewindependentonline.com

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