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Police Arrest Man In US$7k Tax Fraud
MONROVIA, August 4 (LINA) - Police in Monrovia have charged a man identified as Nathaniel Bestman with forgery, theft of property and economic sabotage for allegedly defrauding the government in revenue payment in the tone of US$7,900.
The Liberia Bank for Development and Investment (LBDI) alerted the LRA when Mr. Bestman allegedly altered checks to divert taxes into an account called General Rainbow Account instead of the General Revenue Account.
Mr. Bestman was arrested by police on July 29 at the Gardnersville Branch of the LBDI, while attempting to deposit a Citi Bank Check of US$105,000 under similar fraudulent act, according to an LRA press release issued Thursday.
Police and LRA investigations revealed that Mr. Bestman carried out the act early June when he altered an Ecobank Manager’s Check of US$5,401.97.
This manager’s check was purchased by Madina Rock Crusher, Inc. and issued to the General Revenue Account, the release said.
Mr. Bestman altered the name of the payee by changing the payee from the General Revenue Account to General Rainbow Account.
On July 13, he also carried out a similar act with another manager’s check from Afriland Bank in the tune of US$2,506.79.
This manager’s check was purchased by Gossip Inc. and also issued to the General Revenue Account, but Bestman altered the name of the payee by changing the payee from the General Revenue Account to General Rainbow Account.
He later withdrew the money from both accounts.
Bestman was arrested with six different ID Cards with his photograph bearing different names.
He has been charged while his accomplices are being pursued.