MONROVIA – The Governor of the Central Bank of Liberia is accused of allegedly covering up individuals who allegedly squandered 2 million euros in a business transaction between a Liberian-registered gold mining company and a prominent international firm.
A two years investigation into the transaction revealed that some Liberians, including some allies of President George Weah, allegedly lured some investors to Liberia with the aim of investing in the mining sector.
It is alleged the Liberians managed to dupe the investors of Two Million Euros which was intended to register and establish a local office of the international firm in Monrovia.
According to the investigation, someone posing as a junior brother of President George Weah and others who had travelled from Liberia, met with officials of Candy Group International (CGI) in Abidjan, Ivory Coast with the aim of luring them to form a joint venture with the Liberian mining firm to invest in the mining sector of the country.
CGI was said to be represented by its subsidiary IFG TCHAD.
Sources from Candy Group International said the company signed a contract worth Millions of Euros with the Liberian mining company (name withheld).
It is alleged that the deal was signed in the offices of a supposed Advisor to Liberian President George Weah, identified as Ousemane Bamba.
According to documents in the possession of Smart News, a few weeks after signing the contract, investors from Candy Group International allegedly wired 2 million euros to the Liberian firm’s account at the Guarantee Trust Bank for the purpose of establishing a local office in Monrovia.
Documents obtained by Smart News revealed that the days after the money was allegedly transferred from Barclay’s Bank in London to the Guarantee Trust Bank in Monrovia in favor of the Liberian company, GT Bank and the Liberian company have since refused to acknowledge receipt of the funds.
And that every time CGI pushes Gt Bank and the Liberian firm, they would deny ever receiving the money. GT Banks says, the money has not hit their account and the local firm says it has not received the funds; thus leaving the investors in limbo.
Lawyers representing the investors say GT Bank and the Liberian Company have all denied the money ever landed in the country; despite legitimate transfer papers and tracking documents provided to them.
Sources told Smart News that in the further quest to retrieve the money, Lawyers of the investors wrote the Governor of the Central Bank of Liberia Mr. Jolue Aloysius Tarlue, Jr., who allegedly refused to acknowledge receipt of their complaint non take action against the local bank.
However, after months of investigation, investigators were able to obtain documents from the Governor stating the money did not come to Liberia, despite available evidence, the money actually arrived in the country.
Two officials in Governor Tarlue’s office have admitted written a letter to former Solicitor General Sayma S. Cephus who was investigating the case informing him the money did not arrive in the country.
Sources alleged Governor Tarlue may have deliberately misinformed investigators in the case. This is a breaking story, details will follow.