Otumfuo Fingered In £350,000 Money Laundering Scandal In UK

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The Asantehene, Otumfuo Osei Tutu II has been fingered in a £350,000 money laundering scandal in the UK that has led to the dismissal of a senior bank official.

The Asantehene is alleged to have handed a bag containing more than £350,000 to Mark Arthur to deposit at a bank.

According to the Telegraph, the bank official, Mark Arthur told an employment tribunal that he was summorned to the multimillion-pound residence of the King in Henley-on-Thames and handed a bag containing the money.

The report continues that Mark who holds a dual citizenship of both UK and Ghana has told the Tribunal that he then took the money to the bank’s City offices for deposit into the king’s account.

He continued that the King instructed him to move $200,000 to an account at Standard bank in Jersey but he was unable to ask too many questions due to the status of the King.

But the deposit of such huge amount triggered anti-money laundering alert as according to the bank, Mark Arthur failed to follow due process.

Under the anti-money laundering rules and security policies, it only insured to carry cash by armoured car up to a maximum of £250,000.

The bank said he had 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.

He was suspended and subsequently sacked following the incident but he is claiming damages for wrongful dismissal, unfair dismissal and failure to protect a whistleblower.

It is unclear what the response of the Manhyia Palace will be as all attempts to reach them for a comment has yielded no results.

This is a developing story and we promise to keep our readers updated.

Credit: Telegraph

Source: GhanaXtra