Liberia: Fibank Corruption Syndicate Deepens

25 February 2013

At least 15 persons have been suspended, while seven of those suspended are undergoing police investigation in connection with a US$1.2M fraud at the First International Bank (FIBANK) Liberia Limited, but trusted sources within and amongst the investigators have hinted that some of the bank's executives are linked to the rip-off.

"We have discovered that it is a complete syndicate, very deep and far beyond what has been reported, and indications are clear that several of the bank's executives are involved," one of the investigators told this paper's investigation over the weekend, begging to remain anonymous.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.