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UK: Ghana Monarch Involved In £350,000 Money Laundering Scandal

By Published October 17, 2017

An Asante monarch, Osei Tutu Asantehene II have got a UK banker sacked following a massive bank cash transaction.

Reports have it that in August last year, the monarch in August last year summoned one Mark Arthur, a senior executive of Ghana International Bank to his home in Henley-on-Thames and handed him a bag containing £200,000 and $200,000 to be deposited in his account with a further instruction to move $200,000 into an account at Standard Bank in Jersey.

However, the day after the bank accepted the cash and made the transfer to Jersey, it triggered a money laundry alert, which led to an investigation by the National Crime Agency and the subsequent suspension and dismissal of Mark Arthur.

A statement from the bank on Arthur’s dismissal said that Arthur failed to follow anti-money laundering rules and had violated security policies as it was only insured to carry cash by armoured car up to a maximum of £250,000.

Mark, who is a dual Ghana and the UK citizenship and a son of the Ashanti land, is challenging his dismissal saying he felt no need to question the King about the source of the money due to his status.

He also stated that Otumfuo Osei Tutu II, who holds a diplomatic passport, told him the cash had been withdrawn from banks in Ghana and brought to the UK.

Arthur is claiming ‘wrongful dismissal’ and failure to protect a whistle-blower at the UK employment tribunal.

Read 226 times Last modified on Tuesday, 17 October 2017 22:28