According to a news item by Joy News the outfit of the Asantehene, Otumfuor Osei Tutu II has described money laundering allegations against the respected king as false and inaccurate.
The Telegraph newspaper in the United Kingdom on Tuesday published a story that the Asantehene handed more than £350,000 to be deposit in his bank account.
But a Joy News report say their sources within Manhyia [ Palace of Otumfour] has refuted the allegations and called it mischievous.
Manhyia is said to treating the news as one of the many reports which aim to defame one of the revered overlords in the world.
The Telegraph reported that Otumfuo Osei Tutu II, the Asantehene, summoned one, Mark Arthur to his multi million-pound residence in Henley-on-Thames in London and handed him a bag containing almost £200,000 in sterling as well as $200,000 in US currency with consecutive serial numbers, the bank official felt it inappropriate to ask too many questions.
The subsequent deposit of the cash at Ghana International Bank triggered a money laundering alert in the City of London and cost Mr Arthur his job, reports Telegraph.co.uk.
The King, who once worked at Brent council, summoned Mr Arthur, the bank’s second most senior executive, to his home in August last year.