BREAKING: TOR MD, Asante Berko resigns after bribery allegations

Managing Director of Tema Oil Refinery, Mr. Asante Berko, has resigned after it was allegedly to have involved himself in a fraudulent deal at the blindside of government.

Mr Berko tendered in his resignation letter to President Akufo-Addo today, 15th April, 2020.

A statement from the presidency announcing the president’s acceptance of the resignation of Mr. Berko read:

“The president of the Republic, Nana Addo Dankwa Akufo-Addo has on Wednesday 15th April, 2020, received the resignation from office of Mr. Asante Berko as Managing Director of the Tema Oil Refinery (TOR). This was after he submitted his resignation letter dated, 15th April, 2020 to the president.”

“President Akufo-Addo has accepted Mr. Asante Berko’s resignation, and duly notified the Board of Directors of TOR of this development. The President wished him well in his future endeavours,” the statement concluded.

Mr. Berko has been charged by the U.S Securities and Exchange Commission for arranging payments for the Ghana government and some legislators in 2015/2016.

Mr Berko’s move was to gain approval for a client’s power plant project, court documents from US prosecutors said.

From approximately 2015 through at least 2016 (the “relevant period”), while employed at the Subsidiary, Berko schemed to bribe various government officials in the Republic of Ghana (“Ghana”) so that a client of the Subsidiary, a Turkish Energy Company (the “Energy Company”), would win a contract (the “Power Purchase Agreement”) to build and operate an electrical power plant in Ghana and sell the power to the Ghanaian government (the “Power Plant Project” or “Project”).

To effect the corrupt scheme, Berko arranged for the Energy Company to funnel between $3 million to $4.5 million to a Ghana-based company (the “Intermediary Company”) to bribe various government officials responsible for approving the Power Plant Project. The Energy Company transferred at least $2.5 million of the planned $3 million to $4.5 million to the Intermediary Company, all or most of which was used to bribe Ghanaian government officials.

However, reacting to such allegations Mr Berko noted that he has not engaged in any fraudulent deal and for that such allegations are not true.

Credit: myjoyonline

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