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Justice Kaba Ends CBL’s US$16B Bond Uproar

first_imgJustice Yussif Kaba It took the government over seven months to get close to the end of a bond strife for five current and former officials of the Central Bank of Liberia (CBL) on trial for their alleged involvement in the ‘missing’ L$16 billion.The impasse was resolved on Wednesday, September 4, when Chamber Justice Yussif Kaba revoked his alternative writ of certiorari issued on Monday, September 2, to review the judgment of Judge Blamo Dixon of Criminal Court ‘C’, who is presiding over the trial of the case.Judge Dixon had earlier remanded former CBL governor Milton Weeks and two other co-defendants, including Richard H. Walker, director for operations, and Dorbor M. Hagba, director for finance, at the Monrovia Central Prison, until they can file a new bail each in the amount of L$1,058,000,000.Dixon also released the two other defendants, Joseph Dennis, deputy director of Internal Audit and Deputy Governor for Operations, Charles Sirleaf on medical grounds, but with an order to pay their L$1,058,000,000 within a week.Dixon’s action was due to a new charge of money laundering brought against the defendants, adding yet another accusation to a series of corruption charges against the CBL’s officials.However, Justice Kaba said that the defendants should surrender their passports or all of their travel documents to the office of the sheriff. He also warned that “the defendants (petitioners) should not travel beyond the cities of Brewerville, Paynesville and the Atlantic Ocean.” He added that the defendants should report to the sheriff’s office weekly, each Friday.Initially, Weeks filed a property evaluation bond to the amount of US$909,319.88 to secure his release from pre-trial detention, while the Accident and Casualty Insurance Company (ACICO) secured the bond for Charles E. Sirleaf, deputy governor in the amount of US$60,000.The company also secured a US$60,000 bond for Richard Walker, director for operations, Joseph Dennis, deputy director for internal audit and Dorbor Hagba, director of finance.Those bonds were to secure their release on the first charges, which include economic sabotage and theft of property. Later, the prosecution added a new charge of money laundering, which Dixon set the bail to L$1,058,000,000, leaving to the defense team to appeal against the new bail before Justice Dixon.The charges were brought based on the release of the USAID-backed Kroll report, and the report by the Special Presidential Investigation Team (PIT), which uncovered a wide-range of discrepancies in the printing of new Liberian banknotes worth billions of LRD, and the controversial disbursement of US$25 million intended to be infused into the economy to curb the rising exchange rate between the Liberian and US dollars.It is yet unknown when the trial of the case will resume.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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Bharati invites Naveen, Raman to resolve Mahanadi issue

first_imgBhubaneswar, Aug 24 (PTI) With Odisha and Chhattishgarh on a collision course over sharing of Mahanadi water, the Centre today decided to invite the chief ministers of both the states to Delhi to discuss the matter.”It has been decided to invite Chief Ministers of Odisha and Chhattisgarh to Delhi for a meeting on any date between September 10 and 20,” Union minister Dharmendra Pradhan told reporters.Pradhan said this after a BJP delegation from Odisha met Union Water Resources Minister Uma Bharati and MOS Water Resources Sanjeev Balyan in New Delhi.The delegation, led by Pradhan, expressed concerns over the developments taking place over Mahanadi issue and sought assurance from Bharati and Balyan that Odisha gets its due supply of water from the river.”Bharati has assured us that the Centre would not allow any injustice towards Odisha,” Pradhan said.Bharati also informed that she has asked officials of her Ministry to ensure that Chhattisgarh shared all information sought by Odisha before the meeting of the two Chief Ministers in Delhi.”My officials have told me that it (sharing of information) will be completed within a week,” Pradhan said quoting Bharati.Pradhan said that Bharati has said that she would write a letter to Odisha Chief Minister Naveen Patnaik to fix any date between September 10 to September 20 for a meeting between the two chief ministers.”Let Patnaik decide the date of meeting between September 10 to 20 as per his convenience. The Centre will invite Chhattishgarh Chief Minister on that date,” Pradhan said.Though water being a state subject, uninterrupted flow in Mahanadi during the non-monsoon period in Odisha is in the states interest and has been clarified during debates in the Lok Sabha and Rajya Sabha on the issue, Pradhan said adding that there should not be any compromise on Odishas interests. (More) PTI AAM SUS SMJ SNPadvertisementlast_img read more

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State officials dealing with rash of threats

first_imgOLYMPIA — Authorities say state offices in Olympia and Tumwater have received multiple bomb threats since late September, resulting in evacuations and an ongoing investigation.The Seattle Times reports the latest threat came by phone Wednesday, causing the evacuation of a state Department of Health building in Tumwater. The all-clear was given later Wednesday, a health department spokeswoman said.The incidents started Sept. 26 when a threat caused the evacuation of the Highways Licenses building on the Capitol campus, which houses the Licensing Department and the Attorney General’s Office.In October, two bomb threats came in to a different Attorney General’s Office building and another was made against the health department. Another was directed again at the Highways Licenses building as well as the Department of Natural Resources.Washington State Patrol spokesman John Shaffer said the threats are believed to be related.last_img read more

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