26 November 2012

Liberia: Businessman Accuses Afriland Bank for Over U.S.$100,000

Businessman Gabriel K. Frimpony, CEO of the FMT Construction Company has accused the Afriland First Bank by and through its Manager and CEO and others for allegedly breaking into its warehouses and carried away several valuable items worth over US$100,000.

According to the writ of summon which is in possession of this paper issued on November 15, 2012, before His Honor Nelson B. Chineh, Associate Magistrate, Monrovia City Court which states that the management of Afriland First Bank has been summoned by the Court to answer to multiple charges ranging from theft of property, criminal conspiracy, criminal mischief and felonious restraint based upon the oath and complaint filed to the Republic of Liberia through the CEO of FMT Construction Company.

The writ of summon from the Monrovia City Court has described the alleged act of the defendant's management as being unlawful, wicked and intentional. The writ says the bank has violated the New Penal law of Liberia, namely sections 15.51, 10.2, and 14.25.The case is currently at the court pending trial.

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