Sources at the Manhyia Palace in Kumasi yesterday dismissed money laundering allegations against Asantehene, Otumfuo Osei Tutu II, describing them as inaccurate.
According to the source they were surprised by the story first carried by United Kingdom’s Telegraph and Daily Mail yesterday.
Manhyia described the story as “disbelieving because, the King will not contravene any country’s laws”.
The Asantehene, who was in the UK, is reported to have handed £350,000 cash to a banker to be deposited on his behalf at the Ghana International Bank in the UK.
The bank official who handled the transfer, Mark Arthur, said he did that because he is a subject of the King and could not question him over the money.
He has since lost his job, which is a subject of litigation in the European country.
The Bank reported the matter to the UK’s National Crime Agency after the money was “suspiciously” transferred to Jersey, an Island in the country.
Although there has not been any official response from the Manhyia Palace, close sources told Today that the reports were mischievous.
The sources said Otumfuo Osei Tutu II will not engage in money laundering because “he is a known figure across the world who has several properties across the world including the UK.
According to them, if UK authorities at any point in time had doubt that the King had violated any of their laws, they would have filed a formal complaint with Ghana’s Foreign Affairs Ministry.
They believed the Ghana International Bank has a history of mishandling transactions of the Asantehene, who is a prestige banker with them for so many years.
The sources who added that they were seeking clearance from the Otumfuo to react also argued that for someone who carries a diplomatic passport, the Asantehene is exempted from certain cash limit when entering the UK.