GS · News · 20260806N
Bribery Conviction Litigation
GOLDMAN SACHS GROUP INC · 2026-08-06 · Importance 35 · Surprise 60 · In source text
Former Goldman Sachs banker Asante Kwaku Berko was convicted by a federal jury in Brooklyn, New York, for a bribery scheme involving Ghanaian government officials. Prosecutors said more than $1 million in bribes were paid between 2015 and 2017 to secure approval for a power-plant project for a client. The project involved Turkish company Aksa Enerji and was intended to obtain a Ghanaian power-plant deal. Berko faces up to 30 years in prison, creating continuing legal and reputational risk associated with the former employee’s conduct.
Key facts
- He was found guilty of orchestrating over $1 million in bribes to Ghanaian government officials between 2015 and 2017 to secure a power plant deal for a client. source
- A former Goldman Sachs banker, Asante Berko, was convicted by a federal jury in Brooklyn, New York, for his role in a bribery scheme. source
- A federal jury reached the verdict after approximately three hours of deliberations. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | contingent | — | A former Goldman Sachs banker, Asante Berko, was convicted by a federal jury in Brooklyn, New York, for his role in a bribery scheme. |