The Magisterial Court at the Temple of Justice in Monrovia over the weekend arrested and jailed two employees of the Ecobank-Liberia on four-count charges. Those arrested and jailed are Zonbon Kolekai, Manager of Bassa County Ecobank Branch and Stanley Johnson, Head of the Reconciliation.

Records in the possession of the Heritage ordered Captain Julius B. Swen to arrest the living bodies of defendants Kolekai, Johnson and bring them forthwith before the Monrovia City Court to answer the charges of Misapplication of Entrusted property, theft of property, criminal facilitation and criminal conspiracy.

According to the court records, the arrest and subsequent detention of the two suspects were based upon a complaint filed by the Ecobank. The writ of arrest substantially alleged that at a time intervening several months, especially May, June, August and November, 2011, developed a scheme in conjunction with other employees, already subject to trial, defrauded the bank of US$378,676.26.

Count-two of the writ of arrest stated that the within named defendants came up with the scheme to steal and defraud Ecobank while in its employ, created a situation by which each foreign transfer intended for customers as well as other corporations of the bank, were fraudulently paid twice.

The writ of arrest further disclosed that the foreign transfer of Bah Corporation and City Builder, which was paid twice, a second payment of the money was allegedly converted to Glen Washington in Buchanan, Grand Bassa County.

Glen Washington and other co-defendants have been indicted by the grand jury for Montserrado County and are expected to stand trial at Criminal Court "C" during this August Term of Court.

The alleged scandal was discovered during the yearly reconciliation in which defendants Kolekai and Johnson caused the transfer to be credited twice first to the customer and then to an account owned by one Ruth Sawmadal, bearing the account number#12910412742011 opened by the principal defendant, Washington, who serves as a Teller in Buchanan, Grand Bassa County.

The court records clearly noted that the defendants allegedly used their capacities as Head of Reconciliation and Branch Manager, misused their positions and misapplied the property of the Ecobank.