22 February 2013

Liberia: U.S.$1 Million Fraud Discovered At FIB

Police in Monrovia are investigating six persons in connection to over one million United States dollars criminal syndicate at the First International Bank (FI Bank). Security sources informed this paper that the six employees of the FI Bank on Broad and Johnson Streets include three males and three females.

Our security sources said those involved are currently in police custody undergoing investigation while sources at the bank said it is expected that more names will be disclosed in connection to the act.

The bank's management has confirmed the syndicate but said they could not speak on the issue in detail since they are undergoing police investigation while more persons could be implicated and the suspects forwarded to court for legal prosecution.

"We have discovered fraud in the system and based on the police charge sheet we will forward them to court, we have nothing to hide," the special assistant to the MD/ CEO noted.

At the same time relatives of the six suspects who are undergoing security investigation have confided in this paper that the main doers of the act are some Nigerians who are being shielded by top managements of the bank since the bank is a Nigerian establishment. "Our children are being used as scapegoats while the real doers have escaped the country," a family member of one of the suspects alleged. Investigation continues.

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