Former Goldman Sachs Ghanaian banker, Elias Preko, who helped Former Governor of Delta state, James Ibori, launder money in offshore accounts has been fined £7.3m(N3.2 billion) to the British treasury or face 10 more years in jail.

The order was slammed on Preko on Monday, September 2nd by Judge David Tomlison, following a confiscation hearing. Preko has three months to repay the money or he will return to jail. He was jailed for four and a half years back in 2013 for his role in the James Ibori scheme.

Preko, 60-year-old was believed to have abused his ‘gold-plated credentials’ to launder at least £3m plundered by Ibori, from Delta state treasury. Ibori, who governed Delta between 1999 and 2007 was estimated to have pocketed up to £160 million from government treasuries, depriving the state’s poor of the cash. Preko, who represented himself, told the court in a previous hearing that much of the cash had been spent on election campaigning back in his native Ghana. He said he had run as a candidate for the centre-right NPP party back in the mid-2000s.

Preko explained that Ghana is predominantly a cash based society and that few receipts exist for his campaign spending.
Source: https://lifewithcuttons.com.ng/2019/09/03/ghanaian-banker-elias-preko-who-helped-james-ibori-launder-money-in-offshore-accounts-has-been-fined-n3-2billion-by-uk-court/

Gbese

His corrupt allies will bail him out.
That's foreign government for you, want to reap the guy off every illegitimate earnings, till he goes bankrupt or goes to jail or consider suicide.
Legit is it in everything we do.

DrNueLpureHoney:
Gbese

Real gbese

The British authorities perhaps just got info he's still in possession of the huge cash. So, they're gonna get it by threatening him with another jail term lolz