Liberia: Atlantic Resources Refutes Media Reports

The attention of Atlantic Resources (AR) is drawn to two reports published in the Friday, January 18, 2013 editions of the Daily Observer and New Democrat Newspapers respectively. Both dailies simultaneously, but through coordinated publications, claimed that AR has been expelled by the Liberian government on account of a report by the Special Investigating Body appointed by President Ellen Johnson Sirleaf.

The New Democrat in its publication claimed that Mr. Hamed Sepawi, a shareholder of Perkapalan Damai Timar (PDT), which it alleges has 60% share in AR, was recently expelled from Liberia. Both papers claimed Mr. Sepawi and AR explosion was based on a Presidential decree.

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