Former Goldman Sachs Investment Banker/TOR MD, Asante Berko convicted of foreign bribery and money laundering

Asante Berko, 52, and his associates outside the bank are said to have paid high-ranking government officials in Ghana more than US$1 million in bribes a decade ago to approve the development and financing of the multimillion-dollar power plant, prosecutor Katherine Raut told a federal jury in Brooklyn, New York in her opening statement.

Asante Berko, a dual citizen of the United States and Ghana, was convicted by a federal jury in Brooklyn on all counts of an indictment charging conspiracy to violate the Foreign Corrupt Practices Act (FCPA), violating the FCPA, and money laundering conspiracy for paying bribes to Ghanaian government officials in connection with the development of a power plant in Ghana.

The government’s case is being handled by the Business and Securities Fraud Section of the United States Attorney’s Office for the Eastern District of New York and the Criminal Division’s Fraud Section.