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Thursday 27th February 2020,
Hope for Nigeria

Former Goldman Sachs Banker Preko Convicted For Helping James Ibori

Former Goldman Sachs Banker Preko Convicted For Helping James Ibori

A British jury at the Southwark Crown Court today passed a guilty verdict on former Goldman Sachs banker, Ellias Preko. 

He was found guilty on two counts of money laundering as well as forgery for aiding jailed former governor of Delta State, James Ibori in schemes that saw him create several shell companies that help Ibori launder at least $7 million.

It will be recalled that Mr. Preko a Ghanaian national who first met James Ibori in 1997 helped him create Guernsey-based shell companies through which Ibori bled his state.

Mr. Preko left Goldman Sachs in 2001 as Ibori was completing his 2nd year in office as governor.

The accused Preko will be sentenced later today.

Ibori was sentenced to 13 years in jail in 2012 after he pleaded guilty to money laundering charges brought against him by British prosecutors.

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