Ghana International Bank dismisses allegations of money laundering against Asantehene

The Ghana International Bank says it never suggested that the Asantehene, Otumfuo Osei Tutu II, was involved in money laundering. 

A statement from the UK-based bank explains, the ongoing court case between the bank and a former staff, Mark Arthur, has mainly to do with whether Mr. Arthur breached the Bank’s internal policies and procedures as well as UK laws in transacting a business on behalf of the Asantehene.

Mr. Arthur was dismissed by the bank for failing to follow anti-money laundering rule after he deposited 350,000 pounds in cash handed to him by the King.

Mr. Arthur is battling that decision in court and according to the Ghana International Bank, the ongoing legal proceedings are about whether the Bank was justified in dismissing Mark Arthur as it did, and not about the King.

Below is the statement

PRESS STATEMENT

Mark Arthur V. Ghana International Bank Public Liability Company

Ghana International Bank Plc’s attention has been drawn to certain misrepresentations in the matter above and wishes to clarify its position as follows:

THANK YOU

SIGNED

MYDDLETON COMMUNICATIONS LIMITED

(ON BEHALF OF MANAGEMENT OF GHANA INTERNATIONAL BANK PLC)

 

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