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SEC Charges Former Executive Director Of Goldman Sachs International With FCPA Offenses For Arranging A Bribery Scheme In Ghana On Behalf Of A Turkish Energy Company

Berko

Yesterday, the SEC announced the filing of a civil complaint charging Asante Berko (pictured – a former Executive Director of Goldman Sachs International) with Foreign Corrupt Practices Act violations and other charges for “orchestrating a bribery scheme to help a client [a Turkish energy company] win a government contract to build and operate an electrical power plant” in Ghana.

The Turkish energy company would appear to be Aksa Enerji (see here and here).

Of note, the SEC alleged that the “Holding Company” – that is Goldman Sachs – violated the FCPA’s anti-bribery provisions. However the SEC’s release states that Goldman Sachs “is not being charged.”

In summary fashion, the complaint alleges:

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