Prosecutors in the United Kingdom on Thursday accused a former Goldman Sachs banker from St John’s Wood, Ellias Preko, 52, of helping former governor of Delta state, James Ibori set up a web of offshore trusts and companies to launder the cash.
…It is alleged he created a series of Guernsey-based trusts and shell companies for Mr Ibori before leaving Goldman Sachs in 2001.
The prosecutor said Mr Preko walked away with many of the bank’s West African clients, who the she described as “clients that Goldman Sachs were not prepared to touch”.
Ms Wass told the court that Ibori siphoned millions out of the Delta State by rigging the tendering process for state contracts and awarding contracts to his mistress.
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