By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    EMSOG defends KATH over temporary suspension of emergency admissions, cites patient safety risks
    June 4, 2026
    Heavy rains in Accra push streetlight  poles onto Oyarifa Highway, causing gridlock and damage
    June 4, 2026
    Increase investment in climate action, sustainable development and environmental protection – Elikem Kotoko to world leaders
    June 4, 2026
    One dead, four severely injured after building collapses at Adenta Newsite during heavy rains
    June 4, 2026
    Fire destroys Accra Central Police Barracks; suspect in custody
    June 4, 2026
  • Business
    BusinessShow More
    Eric Opoku unveils reforms to attract investment into Ghana’s rice value chain
    June 3, 2026
    COCOBOD to reduce reliance on foreign loans with local funding plan — Deputy CEO for Finance reveals
    June 3, 2026
    Naana Jane calls for investment in rice sector to cut food imports
    June 2, 2026
    Ghana partners Nebraska to reduce dairy imports and boost local production
    June 2, 2026
    VRA Chief Executive Edward Obeng-Kenzo wins Energy Sector CEO of the Year at 10th Ghana CEO Summit
    June 2, 2026
  • Politics
    PoliticsShow More
    Samreboi case: D-Day for Wontumi set for July 3
    June 3, 2026
    President Mahama does not order arrests – Shamima Muslim rejects claims
    June 3, 2026
    NDC can break the eight if government delivers – Shamima Muslim
    June 3, 2026
    Supreme Court dismisses IMANI’s case challenging President’s appointments of IGP, Director of Prisons others as lacking merit
    June 3, 2026
    Rectify procedural lapses in Anti-LGBTQ Bill to ensure its legitimacy – Catholic Bishops Conference to Parliament
    June 3, 2026
  • Entertainment
    EntertainmentShow More
    Medikal, Kelvyn Boy, other stars shut down WatsUp On Campus with electrifying performances at RMU SRC artiste night
    June 1, 2026
    Kweku Smoke’s London concert showcases unity among Ghanaian artistes – MC Portfolio
    May 30, 2026
    Sarah Naana Wilson retains Foklex Entertainment Show Host of the Year Award
    May 30, 2026
    WatsUp TV heads to Rwanda for AfroTalks Kigali 2026
    May 27, 2026
    Samsung Ghana empowers next-generation creators at 10th Blooming Minds Arts Awards
    May 25, 2026
  • Sports
    SportsShow More
    Ghana confirms participation in Glasgow 2026 Commonwealth Games
    June 3, 2026
    Joanita Borteyeman wins double gold as James Marfog retains title in Damba Table Tennis Championship
    June 2, 2026
    Queiroz names Black Stars squad for 2026 FIFA World Cup, 12 debutants earn historic call-ups
    June 2, 2026
    “We don’t just want to turn up” – Brandon Thomas-Asante targets World Cup success with Black Stars
    May 29, 2026
    Asante Kotoko seek new direction as Club targets UK-born Ghanaian coach Baffour-Akoto
    May 29, 2026
  • Technology
    TechnologyShow More
    Samsung Ghana expands access to AI-powered mobile experiences with the Galaxy A series
    June 2, 2026
    KNUST hosts FemSTEM Africa 2026 to empower the next generation of women health innovators
    June 2, 2026
    Samsung Ghana introduces 2026 Vision AI Mini LED TV for ultimate sports viewing experience
    June 1, 2026
    Redington appointed authorised distributor of Adobe Creative Cloud in Ghana
    May 25, 2026
    Samsung Galaxy A57 5G, A37 5G now available in Ghana
    May 25, 2026
  • International
    InternationalShow More
    UK, Ghana launch growth partnership to create jobs, boost infrastructure and skills development
    June 1, 2026
    Xenophobia: Gov’t to evacuate 500 more Ghanaians from South Africa – Foreign Affairs Ministry
    May 28, 2026
    Nana Oye Bampoe Addo leads Ghana’s delegation to UN Anti-Corruption Session in Vienna
    May 27, 2026
    QNET, Manchester City hold a football training programme for young talents in Accra
    May 22, 2026
    Government partners Portage Energy Group on waste-to-energy and aviation fuel project
    May 20, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: £350k Scandal: Asantehene is innocent – Sacked bank official
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
GeneralHeadlines

£350k Scandal: Asantehene is innocent – Sacked bank official

Kwame Acheampong By Kwame Acheampong Published October 12, 2017
Share
SHARE

The sacked official of the Ghana International Bank in the UK Mark Arthur has said the Asantehene Otumfuo Osei Tutu is innocent in the cash transaction that subsequently got him to lose his job.

Mr. Arthur was dismissed after the traditional ruler of the Kingdom of Ashanti, summoned him to his multimillion-pound residence in Henley-on-Thames and handed him a bag containing almost £200,000 in sterling as well as $200,000 in US currency for saving at the bank.

The aggrieved banker, from New Barnet, Hertfordshire, a dual citizen of the UK and Ghana, drove to his own home with the cash and then took it in an Uber taxi to the bank’s City offices for deposit in the king’s account, he told an employment tribunal.

In a statement submitted to the court Thursday and sighted by Starr News, Mr Arthur  Insists he also did nothing wrong in the huge financial transaction.

“Mr Arthur’s position throughout his suspension, investigation, disciplinary process and the Employment Tribunal hearing is that he had done nothing wrong.

“Mr Arthur has consistently confirmed in evidence that at no time did he suspect that the Asantehene, Otumfuo Osei Tutu II, did anything wrong,” portions of the statement said.

Below are details of the statement

  1. All evidence in this case has now been given to the Employment Tribunal which will soon retire to consider its’ decision.

 

  1. Mr Arthur’s position throughout his suspension, investigation, disciplinary process and the Employment Tribunal hearing is that he had done nothing wrong.

 

  1. Mr Arthur has consistently confirmed in evidence that at no time did he suspect that the Asantehene, Otumfuo Osei Tutu II, did anything wrong.

 

  1. Mr Arthur’s evidence through the investigation, disciplinary and at the tribunal hearing makes it clear that the CEO of the bank, Mr Joe Mensah, approved the transactions before completion in accordance with the King’s instructions and did not think that there was suspicious activity.

 

  1. The banks’ position is that Mr Mensah did not approve the transactions. The morning after the transaction and following an internal conversation with other members of his senior staff, Mr Mensah changed his position and reported the transactions to the UK authorities as being suspicious.

 

  1. There is a conflict between the evidence that Mr Arthur and Mr Mensah have given regarding whether or not Mr Mensah approved the transactions and Mr Arthur has asked the Employment Tribunal to decide which of the two is telling the truth.

 

  1. It should be noted that Mr Mensah decided not to give any evidence at the Employment Tribunal hearing, even though he was and should have been the bank’s number one witness as he was central to the events that have unfolded.

 

  1. The person that Mr Mensah retained to conduct the disciplinary hearing of Mr Arthur, Mr Peter Haines (former chairman of the Bank’s Board Audit Risk & Compliance Committee) also decided not to make himself available in person to the tribunal to give evidence and to be cross examined.

 

  1. Mr Haines’ directorship was not however renewed shortly after his decision to dismiss Mr Arthur.

 

  1. Mr Arthur has confirmed to the Employment Tribunal that the collection and transportation of cash from the Asantehene’s residence (transported by Uber taxi) was not in breach of the bank’s insurance policies. The bank however relies on an insurance proposal and not the actual insurance policy itself (the latter of which Mr Arthur asserts supports his position).

 

  1. Mr Arthur believes that the Employment Tribunal decision when delivered will demonstrate that the transactions involving the Asantehene’s account were above the suspicions cited by the bank. It is important to note however that the Employment Tribunal has not been asked to determine the nature of those transactions, those transactions merely create the background relating to the employment issues that the Employment Tribunal has to decide.

 

Source:Ghana/StarrFMonline.com/103.5FM

 

You Might Also Like

EMSOG defends KATH over temporary suspension of emergency admissions, cites patient safety risks

Heavy rains in Accra push streetlight  poles onto Oyarifa Highway, causing gridlock and damage

Increase investment in climate action, sustainable development and environmental protection – Elikem Kotoko to world leaders

One dead, four severely injured after building collapses at Adenta Newsite during heavy rains

Fire destroys Accra Central Police Barracks; suspect in custody

TAGGED:ASANTEHENbankGhanamoneyUK
Share This Article
Facebook Twitter Email Print
Share
Previous Article U-17 WC 2017: Ghana thrash India by 4-0 to progress
Next Article PURC boss fired

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?