Financial analyst, Joe Jackson, has said that the alleged £350,000 money saga involving Asante monarch, Otumfuo Osei Tutu II, could have been prevented if the financial and logistics handlers followed the right processes.

"What came to mind is who handles the financials and logistics for Otumfuo when he travels? That person should know that if you are carrying that amount of money in cash, it will raise flags all over," he told Moro Awudu on Class FM's Executive Breakfast Show on Thursday, October 12.

The Director of Operations at Dalex Finance insisted that: "A little bit of care needs to be taken when holding these sums of money, not because there is anything illegal about it, but the red flags it will raise."

His comments come in the wake of a recent report in UK citing the Asante King in an alleged £350,000 pound money laundering scandal.

The Asantehene is said to have handed the said amount to a top banking executive in the UK, Mark Arthur, to deposit in his account in the UK somewhere last year.

This sparked controversy as the move was said to be in contravention of some international financial laws.

He said: "Strictly speaking, even today, in Dalex Finance where I work, if you bring me any amount over 20,000, I should either know you and where it is coming from, or by the letter of the law, report it to the financial office at the Bank of Ghana, and if it exceeds a certain amount, they hold me personally in my capacity as Director responsible for whatever happens."

Meanwhile, pressure group, Concerned Youth of Asante, is threatening to name and shame persons believed to have cooked the story to tarnish the image and reputation of Otumfuor.

President of the group, Dr Nana Agyenim Boateng, told Class FM's Joshua Kodjo Mensah that the group will soon come out with names of people behind the false allegations leveled against the Asante King.

Source: Ghana/


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