Continuing his testimony on the second day in the ongoing US$1.7m Theft of Property and Economic Sabotage case, defendant Amos Brosius dismissed testimonies made by prosecution witnesses that the Monrovia Oil Trading Company(MOTC) and Ducor Petroleum Incorporated are parent entities.
In their (Witnesses) testimonies made few weeks ago, prosecution witnesses in separate statements told the court that the Ducor Petroleum Inc. and the Monrovia Oil Trading Company are parent companies.
But testifying before court for the second day on October 28, 2013, defendant Brosius informed the court that said companies (Ducor, MOTC) are separate companies operating with different documents as required by the business laws of Liberia.
He expressed surprise that though the Monrovia Oil Trading Company supplied the Ducor Petroleum Inc. with petroleum products, and expenses incurred by Ducor were never mentioned by MOTC in its report.
He testified that said action exhibited by authority of the Monrovia Oil Trading Company including Mr. Charles Carron who is an executive of MOTC was intended to put Ducor Petroleum out of business in order for MOTC to take over Ducor Petroleum Inc.
The Ducor Petroleum Incorporated General Manager said checks paid by the Firestone Rubber Plantation from petroleum products supplied by the Ducor Petroleum were transferred into MOTC's account instead of Ducor Petroleum's account.
Defendant Brosius who has since denied of stealing the amount (US$1.7m) in question said the Monrovia Oil Trading Company used Ducor Petroleum Inc. invoices for petroleum products supplied to customers.
Meanwhile, all proceedings into the matter have been scheduled for October 30, 2013 at the hour of 9: am and at the same time presiding Judge Peter Gbenewleh cautioned both lawyers to appear on time.