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Ghana: SEC charges for alleged bribery at Aksa Enerji power plant

The United States Securities and Exchange Commission (SEC) on 13 April charged the managing director of the Tema Oil Refinery (TOR) with orchestrating a bribery scheme to help a client win a power plant contract in Ghana. The SEC alleges that US-Ghanaian citizen Asante Berko – a former Goldman Sachs employee who was appointed TOR managing director in January 2020 – violated the Foreign Corrupt Practices Act by arranging for his firm’s client, a Turkish energy company, to funnel at least $2.5m to a Ghana- based intermediary to bribe government officials in order to win an electrical power plant project.

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