The Berko FCPA Resolution – Lessons on Corrupt Deal Making
By EsqSocial Corporation 25/06/21
This week, the Securities and Exchange Commission (SEC) obtained a Final Judgment against Asante Berko, former employee of a Goldman Sachs subsidiary, for, as noted in the SEC Press Release, his role in orchestrating a bribery scheme to help a client to win a government contract to build and operate an electrical power plant in the Republic of Ghana, in violation of the Foreign Corrupt Practices Act (FCPA). Yet this matter is also a victory for the Goldman Sachs compliance function who, when in...
By: Thomas Fox