clearn.png
Friday November 27th, 2020 1:29AM

Liberia police charge son of ex-leader in banknote scandal

By The Associated Press

MONROVIA, Liberia (AP) — Liberian police on Monday formally charged the 61-year-old son of the country's former president, Ellen Johnson Sirleaf, in connection with the unlawful overprinting of local currency worth millions of U.S. dollars. Separately, police also opened an investigation into the death of a central bank official.

According to the charge sheet shared with The Associated Press by police, Charles Sirleaf and others, including former Central Bank governor Milton Weeks, face a multitude of charges, including economic sabotage, the misuse of public money and criminal conspiracy.

The men, arrested Thursday, have been taken to Monrovia Central Prison pending their court appearance.

Lawyers for the accused did not publicly comment about the charges.

Their arrests came after a government report and a separate U.S.-commissioned report pointed to the mishandling of billions of Liberian dollars in local banknotes.

According to the U.S.-backed report, Liberia's central bank unlawfully ordered three times the number of bank notes it had been authorized to print, money that it can't wholly account for.

Sirleaf was a deputy governor at the country's central bank during the period when the bank notes were unlawfully ordered. Sirleaf has denied any wrongdoing.

The U.S. Embassy in Monrovia commissioned the probe by the U.S.-based firm Kroll Associates following reports in August that about $100 million worth of Liberian bank notes had disappeared — an amount equal to nearly 5 percent of the West African country's GDP.

Kroll said its investigation found no evidence of a large shipment of cash going missing as had been reported by local media. Instead, the new bank notes are said to have arrived from a Swedish company but the central bank then failed to properly track what was done with them. The report said most of the bank notes are believed to have been put into circulation without authorities removing and destroying the old bills they were designed to replace.

It said officials at the central bank had not cooperated in explaining who approved the injection of new bank notes without removing the old ones.

In a separate development, Liberian newspaper FrontPage Africa on Monday reported on the death of the Central Bank of Liberia's deputy director of micro-finance Matthew J. Innis.

Innis is said to have left his house Saturday morning before being involved in an alleged hit-and-run on Sunday.

Police spokesman Moses Carter warned people against drawing early conclusions into the incident, saying they were investigating the "circumstances surrounding" the accident to know "whether it was intentional or unintentional."

  • Associated Categories: Associated Press (AP), AP World News, AP Business, AP Business - Economy, AP Business - Industries, AP Business - Financial Services
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Publicist: Luke Perry has died at 52 after suffering stroke
'Beverly Hills, 90210' heartthrob Luke Perry has died at age 52 after suffering a 'massive stroke' last week
1:22PM ( 9 minutes ago )
Pakistani military helicopters search for missing climbers
Pakistani official: Military helicopters resume search for European climbers missing for a week
1:16PM ( 15 minutes ago )
US deploys advanced anti-missile system in Israel
The American and Israeli militaries say the U.S. has deployed a highly advanced anti-missile defense system in Israel for the first time
1:14PM ( 17 minutes ago )
Associated Press (AP)
UK leader visits Salisbury a year after Novichok attack
British Prime Minister Thresa May has praised the "spirit and resolve" of people in Salisbury, the English city hit by a nerve-agent attack on a former Russian spy a year ago
12:43PM ( 47 minutes ago )
Trump symbolically tightens embargo on Cuba
The Trump administration is tightening the six-decade trade embargo on Cuba by allowing lawsuits against Cuban companies using properties confiscated after its 1959 revolution
12:34PM ( 56 minutes ago )
Guaido arrives in Venezuela as supporters gather to protest
Venezuelan opposition leader Juan Guaido returns to his country to renew his campaign to topple the government of President Nicolas Maduro
12:25PM ( 1 hour ago )
AP World News
Red Wings great, NHL union pioneer Ted Lindsay dies at 93
Ted Lindsay, the Detroit Red Wings great who pioneered the NHL players' union, dies at 93
12:51PM ( 39 minutes ago )
Spielberg's push against Netflix at the Oscars hits a nerve
Spielberg's push against Netflix at the Oscars hits a cultural nerve and reignites the streaming versus theatrical debate
12:30PM ( 1 hour ago )
Stocks fall as investors wait for details on trade talks
Stocks edge lower in afternoon trading on Wall Street as investors wait for more details about trade talks between the U.S. and China
12:16PM ( 1 hour ago )
AP Business
As hope grows for China trade deal, US stocks edge higher
US stocks are edging higher in morning trading over optimism for US-China trade deal
10:57AM ( 2 hours ago )
US construction spending drops 0.6 percent in December
US construction spending drops 0.6 percent in December but spending for the year hits new record
10:56AM ( 2 hours ago )
Hope for US-China deal pushes stocks higher
US stocks move broadly higher in early trading over optimism for US-China trade deal
10:06AM ( 3 hours ago )
AP Business - Economy
Higher education: Colleges add cannabis to the curriculum
Students can pursue what amounts to a marijuana major or cannabis minor as a growing number of colleges look to prepare graduates for jobs in a blossoming industry
11:27AM ( 2 hours ago )
Ex-Colorado Gov. John Hickenlooper enters presidential race
Former Colorado Gov. John Hickenlooper says he's running for president because he believes he can beat Donald Trump and can "bring people together on the other side and actually get stuff done."
9:02AM ( 4 hours ago )
Former Colorado Gov. Hickenlooper joins presidential race
Former Colorado Gov. John Hickenlooper is running for president
7:05AM ( 6 hours ago )
AP Business - Industries
US consumer spending fell sharp 0.5 percent in December
US consumer spending dropped 0.5 percent in December while incomes edged down in January
10:10AM ( 3 days ago )
Fed's Powell says US economy in a 'good place'
Fed's Powell says US economy in 'good place' but long-term problems need to be addressed
8:39PM ( 3 days ago )
Irish drivers warned over 'no-deal' Brexit as EU and UK talk
Ireland's deputy prime minister says the European Union wants to work with Britain to ensure there is a Brexit deal.
1:22PM ( 4 days ago )
AP Business - Financial Services
Publicist: Luke Perry has died at 52 after suffering stroke
'Beverly Hills, 90210' heartthrob Luke Perry has died at age 52 after suffering a 'massive stroke' last week
1:22PM ( 9 minutes ago )
Pakistani military helicopters search for missing climbers
Pakistani official: Military helicopters resume search for European climbers missing for a week
1:16PM ( 15 minutes ago )
US deploys advanced anti-missile system in Israel
The American and Israeli militaries say the U.S. has deployed a highly advanced anti-missile defense system in Israel for the first time
1:14PM ( 17 minutes ago )
The Latest: Trump says he'll cooperate, but it's 'a hoax'
President Donald Trump is pledging to cooperate with the House Judiciary Committee's sweeping investigation into his White House, campaign and businesses
1:06PM ( 24 minutes ago )
Estonia's political landscape reshaped by far-right party
Tiny Estonia has become the latest European country with a political landscape reshaped by a populist party promising to be the bulwark for national survival in an age of globalism, a development noted in light of European Union parliament elections
1:04PM ( 26 minutes ago )