The Point (Banjul)

12 February 2013

Gambia: D67 Million AMRC Case Continues

The deputy director of the Assets Management and Recovery Corporation (AMRC), Lamin Sanneh, yesterday continued his testimony as the third prosecution witness (PW3), in the economic crime case involving three former senior officials of the corporation.

Abdoulie B. Tamba, former managing director of AMRC, Abdoulie Dibba, former commercial director, and Yusupha M. Jaiteh, former acting financial director, were arraigned at the Special Criminal Court in Banjul before Justice Emmanuel Nkea, under a five count-charge which included economic crime and abuse of office.

Sanneh adduced that if he saw the memo in question which he had mentioned earlier in his evidence, he would be able to recognise it by his signature.

The DPP at that juncture applied to tender the said memo in evidence as an exhibit.

However, the defence counsel notified the court that he was not served with some of the copies of the said memo sought to be tendered by the DPP.

Counsel then cited a section, and argued that this type of proceeding was only applied at the lower court, even though he was not objecting to the tendering of the copies he was not served.

The DPP then gave him the copies he was not served with.

The memo was then admitted and marked as an exhibit.

Deputy director Sanneh continued and told the court that the whole transaction was being carried out by the ex-MD, and the two accused persons.

The case continues today for cross-examination.

Count one stated that Abdoulie B. Tamba, Abdoulie Dibba and Yusupha M. Jaiteh, between 2009 and 2010, at Banjul, within the jurisdiction of the court whilst holding public office, willfully and recklessly caused monetary loss to Asset Management and Recovery Corporation (AMRC) to the tune of D15,450,000 by selling rice and cement to various individuals on credit without proper collaterals.

The charge sheet on count two stated that Abdoulie B. Tamba, Abdoulie Dibba and Yusupha M. Jaiteh, between 2009 and 2010 in Banjul within the jurisdiction of the court, whilst holding public office, willfully and recklessly caused monetary loss to the Assets Management and Recovery Corporation (AMRC) to the tune of D7,200,000 by fraudulently converting same to the use of Samcad Holding.

Count three read that Abdoulie Dibba and Yusupha M. Jaiteh, and other at large, between 2009 and 2010, at Banjul, within the jurisdiction of the court, whilst holding public office, in abuse of the authority of their office, took a loan of D67,200,000 on behalf of Assets Management and Recovery Corporation (AMRC) without the necessary approval of the Board of Directors.

Count four indicated that Abdoulie Dibba and Yusupha M. Jaiteh, and other at large, between 2009 and 2010, at Banjul, within the jurisdiction of the court, whilst holding public office, in abuse of the authority of their office, took a loan of D49,751,520, on behalf of Assets Management and Recovery Corporation without the necessary approval of the Board of Directors.

Count five stated that Abdoulie Dibba and Yusupha M. Jaiteh, and other at large, between 2009 and 2010, at Banjul, within the jurisdiction of the court, whilst holding public office, fraudulently converted to the use of Samcad Holding Ltd the sum of D7,200,000, being money belonging to the Assets Management and Recovery Corporation.

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