The Ghana International Bank has admitted it erred with some claims it made against the Asantehene as part of its defense in a case before a UK employment tribunal.
The Bank is in court defending why its dismissal of an official, Mark Frank Arthur over a transaction is justified.
Mr Arthur had sued the Bank after he was dismissed for accepting to deposit £350,000 into the Asantehene’s account in the UK.
He admitted before the tribunal he accepted the cash from Otumfuo Osei Tutu II without following the anti-money laundering regulations because of the King’s status.
But the Bank in its statement of defence Wednesday said its checks revealed the Asantehene’s diplomatic passport had expired.
It also said the money in question was transferred from Zambia’s capital Lusaka under suspicious circumstances.