Court issues writ of arrest for CBL Ex-board of Governors

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Central bank of Liberia head office in Monrovia[photo: Smart News]

By Garmah Lomoh|Judiciary News Contributor

 Temple of Justice, Monrovia_Barley few weeks ago after the state dropped charges against former president Sirleaf son Charles E. Sirleaf with prejudice to the state and also dropped against three officials without prejudice to state meaning they could be called back anytime something that has resurfaced again.

 Charles E. Sirleaf is a free man now while the others are choked in their alleged corruption jackets. The dropping of charges totally from Charles Sirleaf with prejudice to state meaning he will never be called back and without prejudice to the state involving Dorbor Hagba, Richard Walker and Joseph Dennis has re-indicted because their charges were dropped without prejudice to the state.

Former CBL governor Milton A. Weeks was never part of those who charges were dropped against whether with or without prejudice because his appeal was pending before the Supreme Court but he was being re-indicted Monday along with the former Board of Governors of the CBL.

The former CBL board of Governors indicted are David M. Farhat, Melissa A. Emeh, Elsie Dossen Badio and Kollie Tampa. While, Milton A. Weeks, former Executive Governor, Dorbor M. Hagba former Director of finance, Richard H. Walker former director for banking and Joseph Dennis former Director for internal audit previous indictment were nulle prose quoi before the new indictment were served in line with Chapter 18 sub section 18.1 and defense interposed no objection.

Both the former Board of Governors and former officials of CBL been have been indicted for seven crimes namely theft of property, economic Sabotage, fraud on the internal revenue of Liberia, misuse of public money , property or Record, theft or illegal disbursement of public money, criminal conspiracy and Criminal facilitation for their alleged printing of over 2bn Liberian Dollars bank Notes.

The current indictment served on Milton Weeks and others is the third indictments now.

 According to the indictment, the alleged crimes committed by ex CBL officials were in flagrant violation of Chapter 15, section 15.51 of the New penal law of Liberia in the form and manner as follows to writ.

 Act adopting a new financial institutions act of 1974, amended as financial institutions act of 1999, defines a member of the board of directors under section 2.11 of the act as “person by whatever name he may be called, carrying out or empowered to carry out substantially the same functions in relation to the direction of the financial institutions as those carried out by a member of the board of directors of a corporation organized under the Associations law of Liberia.

Title 5 of the Liberian code of laws revised, which means all corporate powers are or shall be exercised by or under authority of and the business and affairs of every corporation shall be managed, by a board of directors inline with Title 5, section 6.1 Liberian codes of law revised, Association Law of Liberia, titled management of business of corporation.

Different denominations of Liberian dollar

 State lawyers filed several counts against the ex- CBL officials which count one said prior to the printing of L$10,000,000,000,000 Liberian Dollars bank Notes by the CBL board of Governors that included defendants David M. Farhat, Melissa Emeh, Elsie Dossen Badio, Kollie Tampa, and Milton Weeks, the total quantity of Liberian banknotes in circulation which the CBL governors board’s resolution No. BR-06/2017 (undated) alleged had the full consent of the legislature and had authorized the printing and subsequent issuance of new L$ banknotes; the replacement of all legacy L$ notes and introduction of L$ coins in lower denomination was 13.792 bn.

For his part, defense lawyer Cllr. Abrahim Sillah request the court to permit a temporary release of Mr. Weeks when the new indictment is introduced on the current bond to ensure his day to day appearance as of when command and reminded by the court.

Meanwhile, Criminal Court C Judge Yamie Quiqui Gbeisay said the court will ascertain further and assess whether the property used to indemnify defendant Weeks is still in tight and whether the sureties of those properties are still available.

On the basis of said view, this court shall proceed to use it’s digressions in favor or against the Defendants

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