A tribunal in London has upheld a decision by Ghana International Bank to sack one of its employees, Mark Arthur, for breaching the Bank’s internal policies and procedures.

Mr. Arthur was dismissed by the bank for failing to follow anti-money laundering rule after he deposited £350,000 in cash handed to him by Asantehene, Otumfuo Osei Tutu II.

Mr Arthur kick-started the legal battle to challenge his dismissal in court, a move that saw the revered Ashanti King embroiled in allegations of money laundering.

The Otumfuo has since been cleared of any money laundering violations.

The London-based Employment Tribunal unanimously upheld the Bank’s actions and ruled that the Bank was right to dismiss the employee.

“The Tribunal was satisfied that in doing what he did, Mark Arthur had committed misconduct of sufficient seriousness that amounted to a fundamental breach of his employment contract entitling the Bank to terminate that contract without notice,” said a statement released by Ghana International Bank. 

The Tribunal, according to the statement found for the Bank on all counts and dismissed the claim for automatically unfair dismissal; held that the claim for unfair dismissal failed and dismissed the claim for wrongful dismissal.