Charles Sirleaf: Son of former Liberian President charged in probe into lacking millions – Tek Portal

On Monday, Charles Sirleaf, deputy governor of the central lender of Liberia (CBL), and two other folks — Dorbor Hagba, director of banking, and Milton Months, the previous bank president — confronted several rates, together with financial sabotage, misuse of public funds and felony facilitation, state media reported. CNN has been not able to get to Charles Sirleaf, Hagba or Months for remark.The three are being held devoid of bail right until a trial starts, in accordance to point out media. Two other bank officials needed in the circumstance are claimed to be on the operate.An investigation into the alleged disappearance of bank notes value much more than $100 million — about 4.75% of Liberia’s gross domestic solution — was launched in October by the US-based investigative organization Kroll Associates Inc. at the direction of Liberia’s government.
In a closing report released Thursday, Kroll explained it located no evidence the financial institution notes went missing, as area media experienced noted earlier. In accordance to the report, the cash manufactured it into the central bank’s coffers. But Kroll also reported that far more cash was printed than had been authorized by the legislature.
Kroll elevated fears more than what it called “discrepancies at just about every phase of the approach for controlling the motion of financial institution notes” into and out of the central financial institution for the duration of its critique into the bank’s actions.

The US Embassy in Liberia, which commissioned Kroll for the investigation, explained the report “identifies systemic and procedural weaknesses at the (central financial institution of Liberia), and identifies shortcomings in Liberia’s fiscal and financial administration processes that are longstanding and carry on to the current day.”
The suspected disappearance of revenue led to widespread protests on the streets of the funds of Monrovia when the news initially broke in October.
Confronted with public anger and a social media marketing campaign by protesters demanding to “bring back again our funds,” Liberian President George Weah requested the investigation that led to this week’s prices.
CNN was not able to attain a spokesman for Ellen Johnson Sirleaf, who was in electric power during the period below investigation. The Nobel Prize-profitable chief stepped down final 12 months after two phrases as Liberia’s President.