• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Monday, January 25, 2021
Citinewsroom - Comprehensive News in Ghana
Voters' Diary
  • Home
  • News
  • Business
  • Election 2020
  • Showbiz
  • Sports
  • Infographics
  • Livestream
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Election 2020
  • Showbiz
  • Sports
  • Infographics
  • Livestream
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Airbus scandal: Government moves to get $30 million compensation – Oppong Nkrumah

Jonas NyaborbyJonas Nyabor
December 4, 2020
Reading Time: 2min read
ShareShareShareShare

The government says it has initiated moves to get Ghana’s share of compensation from the controversial Airbus bribery scandal repatriated to the country.

The Minister for Information, Kojo Oppong Nkrumah who disclosed this said the government has been engaging an international law firm since June 2020 to get the funds, about $30 million sent to Ghana.

“Since June this year we’ve been engaged with an international law firm that has extensive experience in investigations and anti-corruption transactions so that we may get some assistance in repatriating our about $30 million in this $3.9 billion [settlement] to put to use here in Ghana,” the Minister said.

International courts fined Airbus, the International aeroplane manufacturer about $3.9 billion dollars in compensation for admitting it paid bribes to various international actors as part of its operations.

Records available to Government of Ghana suggest about $30 million dollars of the fine is as a result of bribes paid to then government officials in Ghana.

The government says its approach is not without precedence as in 2008 the United States, Switzerland and Kazakhstan established an NGO, the BOTA Foundation, to manage the return of over US$100 million that had been paid in bribes to top Kazakh officials through US and Swiss bank accounts.

This process allowed the repatriated funds to be used towards projects of top importance to the Kazakh government; ultimately benefiting the Kazakh people.

Again in Kyrgyzstan, the US repatriated stolen assets from the prior Kyrgyz regime of Kurmanbek Bakiyev and his son, Maxim, which had been identified in a New York insider-trading case and were collected and approved for repatriation.

The Kyrgyz Republic agreed to use the funds to improve public access to healthcare and new water supply systems for rural populations.

Government expects that any share of the fines recovered to be used exclusively to enhance the capabilities of Ghana’s anti-corruption and law enforcement agencies.

He said Government is also collaborating with international investigative agencies on efforts to bring the persons behind the scandal to book.

Airbus, the European aircraft manufacturer, is alleged to have paid bribes in Ghana when it sold three military aircraft to the West African country.

The aerospace multinational admitted hiring the brother of a top elected Ghanaian official as its consultant for the pitch to sell the aircraft to the country.

Again, Airbus confessed paying the said consultant through a third party when its Compliance Unit raised red flags about the close relationship between the consultant and the top elected official, who was a key decision-maker in the purchase of the military aircraft.

Former Special Prosecutor Martin Amidu named the National Democratic Congress (NDC) flagbearer John Mahama as the Ghanaian Official, code-named Government Official 1 in the report, who used his brother to receive the Ghana share of the bribes.

He was however unable to complete his investigations before leaving office.

The Information Minister also confirmed that international investigations also reveal that persons involved in the Ghanaian part of the scandal have recently been questioned with more expected to follow soon.

ShareTweetSendSend
Previous Post

A/R: We’ll vote out NPP over unpaid legacy arrears- Aggrieved Teachers

Next Post

Betway ends 2020 in style with the Afe No Asi promotion

Related Posts

Slider

Dismiss Mahama’s baseless stay of proceedings application – Akufo-Addo to Supreme Court

January 24, 2021
News

Ghana must prepare for possible earthquake strike – Analyst

January 24, 2021
News

GRA targets GHS 60 billion tax revenue for 2021

January 24, 2021
General

Small business owners who are PWDs to receive support through accelerator program

January 24, 2021
Slider

Rawlings’ four-day state funeral begins today

January 24, 2021
Top Stories

Federation of Disability hails Joshua Makubu’s nomination as Oti Regional Minister

January 23, 2021
Next Post

Betway ends 2020 in style with the Afe No Asi promotion

TOP STORIES

EC wants review of ruling on Mahama’s interrogatories motion brought forward

January 24, 2021

Dismiss Mahama’s baseless stay of proceedings application – Akufo-Addo to Supreme Court

January 24, 2021

Obiri Boahen slams NDC over claim EC wants to bribe party agents

January 24, 2021
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2020 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Election 2020
  • Showbiz
  • Sports
  • Infographics
  • Livestream

© 2020 All Rights Reserved Citi Newsroom.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?