CBL Officials Secured L$5Billion Bond


-After Spending Nights At South Beach

By R. Joyclyn Wea

After spending three nights out of their comfort zones (in south beach), indictees in the missing money saga have secured a valid criminal appearance bond as required by law.

According to our Judicial reporter, the indictees were to paid the amount of over five billion Liberian dollars which is close to over US$35million dollars in order to have them released while the matter is being try by the court.

But this amount could not be provided or made available by defense counsellors or any insurance company up to the close of normal court activity on Monday, March 4, 2019; something that eventually led three of the five defendants at the Monrovia central prison.

The bond is currently before the court as the indictees are still in prison.

As you may be aware, Charles Sirleaf, CBL Deputy Bank Governor for Operations, Milton Weeks, former executive Governor, Dorbor Hagba, Richard Walker, and Joseph Dennis, have been indicted for economic sabotage, criminal conspiracy and criminal facilitation.

Government’s lawyer on Tuesday disclosed that the defendants have secured a property bond since no insurance company in the country has such huge amount of money.

According to the lawyer, the defendants were given up to this Friday to properly or justify their bond filed.

It is still unclear as to whether the bond file is covering the five of the indictees, but the bond was filed by former CBL Governor’s Lawyer, Cllr. Abraham Sillah.

Accordingly, Government of Liberia through the Grand Juror of Montserrado County has finally succeeded in indicting and sending to the Monrovia Central Prison (South Beach) five officials of the Central Bank of Liberia.

According to the indictment, Sirleaf, Weeks, Hagba, Walker, and Dennis conspired to commit the crime of economic sabotage, a felony of the first degree in flagrant violation of chapter 15, sub-chapter “F”, sections 15.80(a)(b)(c), 15.81(a)(b)(c) and 15.82(b)(c) of the new penal law of Liberia.

The indictment further noted that the defendants by virtue of their employment and positions within the CBL, intentionally colluded and conspired and defrauded, the bank particularly the Government of Liberia by printing excess Liberian dollar banknotes amounting to L$2,645,000,000 and US$835,367.72 to be paid for the cost of printing to crane currency without authority to infuse said into the Liberian market.

The indictment also mentioned that on April 2016-August 2018, Charles Sirleaf, Milton Weeks, Dorbor Hagba, Richard Walker, and Joseph Dennis, ordered an International Company to print excess money to be infused of l$2,645,000,000 to be infused in the Liberian market without any authority given to them by paying Crane Currency the amount of US$835,367.72.

The CBL at the same time provided false information and reports on the actual quantity of the money printed, supplied and delivered by the company (crane currency).

Moreover, it says the defendants knew and had reason to know that L$2,645,000,000,000 Liberian dollar banknotes resulting from two printing contracts executed by CBL and Crane Currency for the printing of 15 billion.

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