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ASSET RECOVERY TASKFORCE SAYS FOUR INDICTMENTS OPEN PATH TO RECOVER OVER US$10 MILLION AND L$890 MILLION

By Staff Writer | Smart News Liberia

MONROVIA – The Chairman of Liberia’s Asset Recovery and Property Retrieval Taskforce, Cllr. Edwin Kla Martin, says the government has moved a step closer to reclaiming millions in allegedly misused public funds following a series of recent indictments.

Speaking Tuesday, April 28, 2026, on OK FM’s Morning Rush, Cllr. Martin disclosed that the Taskforce has secured indictments in four major cases involving more than 74 individuals. According to him, the matters concern over US$10 million and nearly L$890 million in public resources believed to have been unlawfully handled.

He described the development as a major breakthrough, stressing that the cases have now advanced from the investigative stage to formal court proceedings.

“These are no longer mere allegations,” Martin said. “They are now before the courts, and that creates the opportunity for recovery.”

According to the Taskforce boss, the indictments provide the legal foundation needed for restitution efforts. Once the courts conclude trial proceedings, authorities can begin asset tracing, seek the freezing of accounts, and pursue recovery through judicial orders.

Martin said the significance of the process goes beyond retrieving stolen or misapplied funds. He noted that it demonstrates a system in which public resources are safeguarded and abuse of office carries legal consequences.

He further argued that such accountability measures are critical to rebuilding public confidence in state institutions and ensuring money intended for national development is protected.

Responding to critics who claim the Taskforce is placing too much emphasis on indictments, Martin said those concerns misunderstand the legal process.

“You cannot recover what has not been placed before the court,” he said. “Indictment is what enables the law to take action.”

He clarified that once charges are filed, responsibility shifts to the courts, which determine hearing dates, timelines, and procedures.

“Our responsibility is to investigate thoroughly and submit strong cases,” he explained. “From there, the courts decide the pace and process.”

Martin also revealed that the Taskforce has initiated proceedings before a British court involving approximately US$10 million under investigation. He said the move is intended to pursue assets or individuals located outside Liberia.

“This ensures our recovery efforts are not restricted to Liberia alone,” he stated.

Despite the progress, Martin said investigations remain ongoing and warned that more indictments could follow where evidence supports prosecution.

“We will continue to investigate and indict anyone found to have illegally acquired state resources,” he said.

He concluded by calling on Liberians to remain supportive of the process, assuring the public that the Taskforce remains committed to lawful prosecution and the recovery of public assets.

Staff Writer
Is responsible for researching, writing, and delivering timely, accurate, and compelling news stories across a wide range of topics, including politics, governance, business, health, and social issues. As part of a dynamic digital newsroom, the Staff Writer plays a critical role in informing the public and shaping national discourse through fact-based journalism.
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