FOLLOW US

America June 7, 2024 3 mins read

Former Goldman Sachs Banker Loses Extradition Fight to U.S. In Bribery Case

America ı By Rochdi Rais

0 Comments

Malaysia Rejects Goldman's Arbitration

A former Goldman Sachs banker has lost his bid to avoid extradition to the United States for allegedly bribing Ghanaian officials, as a London court ruled on Friday that the alleged crimes were sufficiently linked to America to be tried there.

The High Court rejected the appeal by Asante Berko, a former executive director in Goldman’s natural-resources group, to avoid standing trial in the U.S. Berko is accused of corrupting officials in connection with proposals to construct a power plant in the West African country.

Judge Charles Bourne held that the alleged crimes were strongly linked to harm to Goldman Sachs, a U.S. financial institution, and to the U.S. financial system more broadly, even though most of that harm would have occurred in Ghana and some in the U.K.

"Some harm from the alleged offending would have occurred in the U.S.A.," Judge Bourne said in a written judgment. "There was (or was alleged to be) misuse of the U.S. banking system, and there would be reputational damage to Goldman Sachs Group."

Judge Bourne also concluded that preventing the case from being heard in the U.S., where it is ready for trial, would cause a delay that would go against the interests of justice.

Berko faces six counts of violating the Foreign Corrupt Practices Act, conspiracy to commit money laundering, and failure to file reports of foreign bank accounts. He was arrested at Heathrow Airport in November 2022.

Berko appealed to the High Court after a judge at Westminster Magistrates' Court dismissed challenges to his extradition in June 2023. However, Judge Bourne concluded that Berko would not be extradited on charges of failing to report foreign accounts, as there was no equivalent offense in U.K. law.

In November 2022, Berko paid $329,000 to settle allegations by the U.S. Securities and Exchange Commission (SEC) that he helped funnel approximately $2.5 million in bribes to Ghanaian government officials to secure a contract for a power plant. The settlement did not involve an admission of wrongdoing, and the U.S. Department of Justice pursued Berko separately.

U.S. prosecutors allege that Berko helped a Turkish energy company in carrying out the scheme, which involved paying off members of Parliament and senior government officials in Ghana through a shell company based there.

Berko was hired by Goldman Sachs U.K. in July 2014 and was enlisted to drum up deals in Ghana, which at the time was fast-tracking energy projects to overcome power shortages, according to the SEC. Authorities alleged that he used his contacts in Ghana to arrange meetings between top government officials and the Turkish energy company’s executives to discuss the project. Berko also brought in the shell company’s operators, who had access to key government agencies, the SEC said.

Berko is represented by Rachel Scott of Three Raymond Buildings, instructed by Chris Stevens of CJS Defence.

The U.S. government is represented by Nicholas Hearn of Furnival Chambers.

The case is Berko v. U.S., case number AC-2023-LON-002540.

Previous Article

French Imaging Tech Firm Exosens Raises $380M in Paris Stock Exchange Debut

Read More
2773 Posts

Rochdi Rais

Rochdi Rais is the Head of Growth and financial and legal writer at USA Herald. He has been writing and editing financial, legal and U.S. news for years with over +4000 articles published during his career.

Discussion

No comments yet. Be the first to join the discussion!

Don’t Miss It
America October 23, 2026
SpaceX, Tesla Merger: Boards Launch Review…

The possibility of a SpaceX, Tesla merger has moved beyond…

By – Rachel Moore
America October 23, 2026
Steve McBee $7.1M Insurance Fraud Case:…

Steve McBee Sr., the patriarch of the reality television series…

By – Tyler Brooks
America October 23, 2026
Connor Hellebuyck Traded to New Jersey…

The New Jersey Devils have made a major move to…

By – Tyler Brooks
America October 23, 2026
Education Department Drops PSLF Challenge, Delivering…

Federal student loan borrowers have secured a significant victory after…

By – Tyler Brooks
America October 23, 2026
Humana and UnitedHealthcare Cancel Medicare Advantage…

Nearly 1 million Americans are facing a shake-up in their…

By – Tyler Brooks
America October 23, 2026
Lawyers Could Collect $1.27 Billion in…

Outside lawyers in the Meta privacy case could collect up…

By – Michallie K Harrison
America October 23, 2026
Plutonium Pit Production Faces Safety and…

WASHINGTON — The Energy Department has approved full construction of…

By – Michallie K Harrison
America October 23, 2026
Wall Street Rattled: Nasdaq Plunges 2.6%…

NEW YORK — A fresh wave of doubt about the…

By – Derek Johnson
America October 23, 2026
Judge Orders Trump to Sit for…

MIAMI — President Donald Trump must sit for a sworn…

By – Derek Johnson
America October 22, 2026
Pope Leo XIV Needs No Further…

VATICAN CITY — Pope Leo XIV will not require additional…

By – Jackie Allen
America October 22, 2026
Six Women Testify in Russell Brand…

LONDON — Six women have testified in the Russell Brand…

By – Michallie K Harrison
America October 22, 2026
Websites Go Dark as AI Uncovers…

The PHP security crisis has pushed government websites offline and…

By – Michallie K Harrison
America October 21, 2026
El Nino Could Reach Historic Strength,…

GENEVA — El Nino, a powerful climate pattern that warms…

By – Jackie Allen
America October 21, 2026
News Overload Can Fuel Anxiety and…

News keeps people informed about wars, political conflict, public safety…

By – Jackie Allen
America October 21, 2026
Atlanta Rapper Indicted in Alleged $4.6…

ATLANTA — Shawtey Dred, the social media persona of Atlanta…

By – Jackie Allen
America October 21, 2026
Musk and Trump Have a Starlink…

Opinion | Starlink restrictions in Ukraine have exposed a problem Elon Musk…

By – Michallie K Harrison
America October 21, 2026
Texas Trans Texts Spark Election Propaganda…

News Analysis | Texas voters began casting early ballots Monday,…

By – Michallie K Harrison
America October 20, 2026
California Ballots: DOJ Cites Charges Against…

WASHINGTON — The Justice Department is citing charges against 28…

By – Michallie K Harrison
America October 21, 2026
Meta Stock in Focus as Earnings,…

Meta delivered a powerful revenue performance in its third-quarter earnings…

By – Tyler Brooks
America October 21, 2026
Pantheon $6B Secondaries Fund Marks Firm’s…

Private markets investor Pantheon has secured $6 billion in capital…

By – Rachel Moore
America October 21, 2026
TDI Launches Insurance Fraud Task Force…

The Texas Department of Insurance has launched a coordinated push…

By – Rachel Moore
America October 21, 2026
Children’s Mercy Insurance Coverage Changes: Kansas…

Children’s Mercy Hospital in Kansas City will no longer participate…

By – Rachel Moore
America October 21, 2026
BioWare Closing: EA Shuts Down Legendary…

Electronic Arts is reshaping its videogame empire in a sweeping…

By – Rachel Moore
America October 20, 2026
Auto-Owners Insurers Verdict: Jury Awards Warehouse…

A North Carolina federal jury has awarded nearly $2 million…

By – Tyler Brooks
America October 20, 2026
Extreme Heat Is Spreading and Lasting…

An extreme heat event lasting 367 days touched nearly 85%…

By – Michallie K Harrison
America October 16, 2026
HealthSplash VP 18 Months Sentencing Rewards…

Cooperation can shave years off a prison term, but it…

By – Tyler Brooks
America October 16, 2026
Daylight Saving Time Returns Nov. 1…

Americans will turn their clocks back one hour on Nov.…

By – Jackie Allen
America October 16, 2026
California Identifies New York Life, Aetna,…

Key Takeaways   California’s Department of Insurance maintains an official…

By – Samuel Lopez
America October 16, 2026
Three Children, Teacher Killed in Oregon…

BEND, Ore. — An Oregon school shooting killed three children…

By – Michallie K Harrison
America October 15, 2026
Trump Scraps Hegseth’s Execution Livestream After…

WASHINGTON — President Donald Trump canceled the planned execution livestream…

By – Michallie K Harrison
America October 19, 2026
Information Ecosystem: Five Tools to Detect…

The information ecosystem is increasingly vulnerable to misinformation. There are…

By – Jackie Allen
America October 19, 2026
An Airman Died After a Pregame…

By Michallie K. Harrison | Opinion Tech. Sgt. Ian Patterson’s…

By – Michallie K Harrison
America October 16, 2026
NFL Player $300M Hip Surgery Lawsuit…

Athletes bet their bodies on surgeons the way pilots bet…

By – Tyler Brooks
America October 16, 2026
Russian Drone Strikes Hit American Businesses…

Russian drone strikes against American-linked businesses in Ukraine are raising…

By – Jackie Allen
America October 11, 2026
AP Poll Top 25: Georgia Claims…

Georgia has reclaimed the top spot in the AP Poll…

By – Rachel Moore
America October 10, 2026
A.J. Armstrong: Former NFL Player’s Son…

 HOUSTON — Antonio “A.J.” Armstrong Jr., the son of former…

By – Jackie Allen

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter