- Search Results
 
 
US$126k Embezzlement Case Heats Up At Criminal Court “C”
Date Uploaded: Aug 31, 2016

Temple Of Justice

 

US$126k Embezzlement Case Heats Up At Criminal Court “C”

By Ballah M. Kollie

MONROVIA, August 30 (LINA) - Defendants Montmorancy  Yancy, Stanley Yorsee and Emmanuel L. Togba have pleaded not guilty to multiple charges in a US$126,219 case brought against them by the Management of GT Bank.

The charges against the trio include theft of property, misapplication of entrusted property, criminal conspiracy and criminal facilitation.

Having been arraigned before Criminal Court “C”, Judge Emery Paye on Tuesday acquainted the men with the indictment and charges brought against them.

They pleaded not guilty to the charges, setting the stage for the selection of 16 Trial Jurors to prosecute the case.

In a four-count indictment, the Grand Jurors of Montserrado County said the trio in flagrant violation of the statutory law did conspire, facilitate and commit the crimes as charged.

According to the indictment, between the period May28 to June 29, 2015, co-defendant Yancy, while serving as a Teller at the bank’s head offices in Sinkor, colluded with Yorsee and Togba to steal the amount of US$126,219 intended to be deposited into the Total Liberia Incorporated account at GT Bank.

“This act was carried out without the knowledge and approval of the bank’s management,” the indictment said.

The jurors in the indictment said upon receipt of the cash from the Bulk Tellers of the bank, co-defendant Yancy along with his colleagues diverted the amount and used it to give out loans to various individuals within and out of the bank without the knowledge and approval of the bank’s management.

The trio are said to have also signed into the depositor’s entry log indicating that the money had been deposited into the customer’s
account.

Meanwhile, Judge Paye has scheduled hearing into the case for Wednesday, August 31.

Eleven witnesses comprising five GT Bank staff, four Liberia National Police officers, Total Liberia Inc and another are expected to testify in the case.
 

LINA BMK/TSS/PTK

latest headlines
Liberia’s Postal Administration Owes US$6.4m - Report
The debt burden of Liberia’s postal administration stands at US$ 6,491,631.73 million, the Ministry of Posts and Telecommunications (MoPT) has ...more
ECOWAS Launches Program To Combat Fistula In Sub-region
The Commissioner for Social Affairs and Gender of the ECOWAS Gender Development Center (EGDC) has launched an ambitious program to combat obstetr ...more
‘Liberia-Cameroon Ties At New Height’ - Shoniyin
Deputy Foreign Minister B. Elias Shoniyin says since the establishment of diplomatic relations between Liberia and Cameroon in the 1960s, ties be ...more
ECOWAS Prexy Urges Member States To Ensure Wellbeing Of Citizens
The President of the ECOWAS Commission, Marcel Alain de Souza, has challenged ECOWAS members states to redouble their efforts towards the enhance ...more
AFC Pledges Support To ECOWAS Commission
The Chairman of the Twenty- First Meeting of the Administration and Finance Committee (AFC) of ECOWAS, Mr. Benedict Roberts, has pledged the Comm ...more
FM Kamara Opines 54th Anniversary Of Africa Day ‘Important Milestone’
Foreign Minister Marjon Kamara has said the observance of the 54th anniversary of “Africa Day” was an “important milestone” which the con ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency