LIBERIA PROBES CENTRAL BANK’S MISSING $104 MILLION IN CASH

The Wall Street Journal on 20th September reported that authorities in Liberia said they were investigating the disappearance of $104 million in newly-printed banknotes intended for the central bank, in a possible fraud equal to 5% of GDP.  The justice ministry confirmed that 15 officials, including the son of former president and Nobel Prize winner, Ellen Johnson Sirleaf, and the former central bank governor, were under investigation and had been banned from leaving the country.  It is reported that shipping containers carrying the cash, ordered from printers in Sweden and China, arrived at Liberia’s port and then vanished.

https://www.wsj.com/articles/liberia-investigates-central-banks-missing-104-million-in-cash-1537442778?mod=searchresults&page=1&pos=2

https://qz.com/africa/1396746/george-weah-liberia-loses-containers-with-104-million-bank-notes-cash/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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