Grimy Times has learned that Chi Ping Patrick Ho, a/k/a “Patrick C.P. Ho,” and Cheikh Gadio have been charged with participating in a multi-year, multimillion-dollar scheme to bribe high-level officials in Chad and Uganda in exchange for business advantages for a Chinese oil and gas company.
According to sources, the scheme spanned the globe, with Ho and Gadio allegedly wiring almost a million dollars through New York’s banking system in furtherance of their corrupt schemes. The defendants allegedly sought to generate business through bribes paid to the President of Chad and the Ugandan Foreign Minister.
The alleged scheme was hatched in the halls of the United Nations in New York, where the Ugandan Foreign Minister served as the President of the U.N. General Assembly, and then continued unabated upon his return to Uganda. International bribery not only harms legitimate businesses and fair competition, but it also destroys public faith in the integrity of government.
The charges against Ho and Gadio include violations of the Foreign Corrupt Practices Act (“FCPA”), international money laundering, and conspiracy to commit both. Gadio was arrested in New York on April 6, 2018, and presented on April 7, 2018, before U.S. Magistrate Judge Kevin Nathaniel Fox. Ho was arrested on April 6, 2018, and was presented on April 9, 2018, before U.S. Magistrate Judge Andrew J. Peck and ordered detained.
The U.S. Attorney for the Southern District of New York, Joon H. Kim, stated, “In an international corruption scheme that spanned the globe, Chi Ping Patrick Ho and Cheikh Gadio allegedly conspired to bribe African government officials on behalf of a Chinese energy conglomerate… International bribery not only harms legitimate businesses and fair competition, but it also destroys public faith in the integrity of government.”
According to the FBI, the scheme described in this case boils down to Ho and Gadio allegedly trying to get their hands on the rights to lucrative opportunities in Africa by bribing the leaders of two countries. The defendants allegedly used the U.S. banking system to facilitate their corrupt schemes, which ultimately led to their downfall.
Ho and Gadio are currently being held without bail. The case is ongoing, and we will provide updates as more information becomes available.
Fundamentally, this case highlights the importance of holding individuals accountable for their actions, no matter where they occur. International bribery has far-reaching consequences, and it is essential that we take a strong stance against it.
This case is a reminder that the FBI, IRS, and other law enforcement agencies work diligently day after day to protect the integrity of our financial institutions and stop foreign entities corrupting international commerce.
The details of this case are a stark reminder that corruption knows no borders, and it is our duty to ensure that those who engage in such practices are held accountable.
Grimy Times will continue to monitor this case and provide updates as more information becomes available.
Key Facts
- State: New York
- Category: Public Corruption|White Collar Crime
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
Public Corruption|White Collar CrimePublic Corruption|White Collar CrimePublic Corruption|White Collar CrimePublic Corruption|White Collar Crime