The Ghana International Bank (GhIB) in the United Kingdom, has formally apologised to Asantehene Otumfuo Osei Tutu II before a London Employment Tribunal.
The Ghana International Bank says it wrongly accused Ghana's top monarch Otumfuo Osei Tutu II on several issues as part of its defense in a case before a UK employment tribunal.
Mark Frank Arthur, an employee of the Bank dragged the institution to court for unfair firing
He had sued the Bank after he was dismissed for accepting to deposit £350,000 into the king’s account in the UK.
According to him, he accepted the cash from Otumfuo without following the anti-money laundering regulations due to the King’s status.
But the Bank in its statement of defence Wednesday said its checks revealed the Asantehene’s diplomatic passport had expired.
It also said the money in question was transferred from Zambia’s capital Lusaka under suspicious circumstances.
The judge had scheduled Thursday for his ruling but he had to postponed it to Monday after the Bank retracted some of its earlier claims.
Lead counsel for the Bank reportedly told the court their latest checks have revealed Otumfuo’s diplomatic passport had not expired.
The lawyer also said the Bank’s claim that the money was transacted from Lusaka under “dodgy” circumstances was inaccurate.