Corruption: Mahama officials, TOR MD named in fresh Turkish power plant bribery scandal


The Securities and Exchange Commission (SEC) of the United States of America has implicated members of the John Mahama administration over bribes received from a Turkish power plant company amounting to the tune of about $4.5million.

According to media reports, a former staff of a company called Goldman Sachs Group Inc., Asante Berko who is the current Managing Director (MD) of the Tema Oil Refinery spearheaded activities for bribes amounting to millions of dollars to be paid to government officials in Ghana under the John Mahama administration.

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The bribes were to fast track activities to enable his client win a power-plant contract in Ghana.

The Security and Exchange COmmission (SEC) of the United States of America (USA) also alleged that Mr. Asante Berko personally paid bribes to the tune of $66,000 to members of parliament under the previous administration.



Information reaching My News Ghana confirms that the United States SEC has sanctioned a civil lawsuit against Asante Berko.

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The SEC claims that a power company channeled monies through an intermediary who then paid the bribes to the government officials and MPs.

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Goldman Sachs Group Inc. which was not named in the lawsuit has however distanced itself from the allegations and the actions of their former employee.

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A spokeswoman for Goldman Sachs Group Inc., Nicole Sharp, said, “Goldman Sachs fully cooperated with the SEC’s investigation and as stated by the SEC in its press release, the firm’s compliance personnel took appropriate steps to prevent the firm from participating in the transaction.” 



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