By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The News GodThe News God
  • Politics
  • News
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • More
    • Travel & Tour
    • Education
    • Entertainment
    • General
Reading: Ghanaian tells UK court he used ‘dirty money’ to fund NPP campaign as a candidate
Share
Aa
The News GodThe News God
Aa
  • Politics
  • News
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • More
Search
  • Politics
  • News
  • Business & Finance
  • Lifestyle & Health
  • Law
  • Sports
  • Tech & Autos
  • Home & Garden
  • More
    • Travel & Tour
    • Education
    • Entertainment
    • General
Follow US
  • Why You Need to Read Business News Everyday
  • Why You Need to Read Business News Everyday
  • Advertise
  • Advertise
The News God > Blog > News > Ghanaian tells UK court he used ‘dirty money’ to fund NPP campaign as a candidate
NewsPolitics

Ghanaian tells UK court he used ‘dirty money’ to fund NPP campaign as a candidate

Sampson Gaddah
Last updated: 2019/09/04 at 10:36 AM
Sampson Gaddah Published September 4, 2019
Share
2 Min Read
Ellias Prek
SHARE

A former Goldman Sachs banker, Ellias Preko, who has been ordered by a UK court to pay back £7,3million or face 10 years more in jail, says he used a chunk of the money to fund his campaign as NPP candidate.

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 country, Ghana.

The 60-year-old said he had run as a candidate for the New Patriotic Party (NPP) back in the mid-2000s.

Preko explained that Ghana is predominantly a cash-based society and that few receipts exist for his campaign spending, the DailyMail has reported.

He is reported to have said that “Most of the expenses are not receipted.”

“Ghanaian political activities are not financed by the state,” he added.

The Harvard graduate used his ‘expertise and veneer of respectability’ to flush the dirty money out of Nigeria.

He was jailed for four and a half years back in 2013 for his role in the scheme.

Judge David Tomlison ordered Preko to pay back £7,324.268.41 following a confiscation hearing.

Preko has three months to repay the money or face another 10 years in jail.

“There is a different concept of work there, the difference being everything is cash.

“Most of the time, people who donate money they donate it to two or more parties and hedge their bets.

“The candidate himself will want to distribute money to targeted areas for food and clothes.”

Preko told the court how he had many political contacts in Ghana. His father-in-law who was a former cabinet minister 

Read also: LETTER: AKUFO-ADDO SACKS NYA CEO, 2 DEPUTIES »

Source: MyJoyOnline

You Might Also Like

Reports: A tourist boat on Lake Maggiore sinks, killing four people

Sen. Dianne Feinstein confused by Vice President Kamala Harris’ involvement in tie-breaking vote, according to a report

5 Things Pastor Tim Keller Taught Before He Passed

Joe Biden states that Democrats and Republicans have agreed on the US debt ceiling in principle.

Police: Ontario man reportedly killed tenants in landlord-tenant dispute.

Sampson Gaddah September 4, 2019
Share This Article
Facebook Twitter Email Print
Share
Previous Article Letter: Akufo-Addo sacks NYA CEO, 2 deputies
Next Article Kelvin Taylor releases first set of prove against Works & Housing minister Samuel Attah Kyea
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
11.6k Followers Pin
56.4k Followers Follow
136k Subscribers Subscribe

Ads

Latest News

How to Integrate Visual Merchandising into Your Ecommerce Marketing Strategy
Why a Solid Marketing Strategy Is the Foundation of Business Success
Business & Finance May 29, 2023
The Most Famous Museums in the World
7 Amazing Museums Every Art Lover Should Visit
Travel & Tour May 29, 2023
The Benefits and Risks of Quickly Settling a Personal Injury Case in Florida
The Benefits of Implementing Risk Intelligence in Your Company
Business & Finance May 29, 2023
Reports: A tourist boat on Lake Maggiore sinks, killing four people
News May 29, 2023

You Might also Like

News

Reports: A tourist boat on Lake Maggiore sinks, killing four people

May 29, 2023
Politics

Sen. Dianne Feinstein confused by Vice President Kamala Harris’ involvement in tie-breaking vote, according to a report

May 29, 2023
News

5 Things Pastor Tim Keller Taught Before He Passed

May 28, 2023
Politics

Joe Biden states that Democrats and Republicans have agreed on the US debt ceiling in principle.

May 28, 2023
Show More
© 2022 Thenewsgod. All Rights Reserved.
  • About
  • Contact Us
  • Terms of Use & Privacy Policy
  • Advertise
  • Disclaimer
Welcome Back!

Sign in to your account

Lost your password?