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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

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.


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