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Former Goldman Sachs Banker Jailed 5 Years For Laundering Funds for Ibori!


Former Goldman Sachs banker, Ellias Preko was on Monday sentenced to four and a half years imprisonment following the guilty verdict passed on him by a British jury at the Southwark Crown Court.

Preko was found guilty on two counts of money laundering and forgery for aiding the convicted former governor of Delta State, James Ibori in some deals for which the ex-banker created several shell companies that aided Ibori in laundering at least $5 million believed to belong to Delta State.

Street Journal gathered that Ibori and Preko, a Ghanaian national had first met in 1997 He left Goldman Sachs in 2001

The former Governor was handed a 13-year jail term in 2012. Ibori’s wife, mistress, as well as his lawyer have all been in trouble with the law over roles played in the money laundering saga.

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