10 Indicted over FI Bank’s Missing US$1.2M

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    The grand jury for Montserrado County has finally indicted 10 former employees of the First International Bank (FIB) in connection with the alleged disappearance of US$1.2 million, which was allegedly stolen from the bank.

    The accused were charged with the commission of the crime, money laundering, theft of property, criminal conspiracy and facilitation and forgery.

    Those employees charged are Jermaine Tegli, head of operations, Beyan Dadzi, resident auditor, Richard Gboyah, head of operations, Victoria Yanguba, resident auditor,  Africanus Freeman, cash officer and Kebbeh Kulah, also cash officer,

    Others include; Roberts Cummings, Angie Brooks, Aurelia Tamba and Ngadi Warity, all tellers of the bank.

    They are expected to go on trial in early November, according to the court document.

    The court document said that between the period January 2012 to February 2013, the defendants allegedly used withdrawal slips filled in, approved, signed and in some instances not signed and without the knowledge and participation of the customers diverted an amount of US$1,220,028.54 from the bank.

    It further alleged that Co-defendants Jermaine Tegil and Africanus Freeman, without any authorization, fraudulently used the bank’s manager’s checks account to withdraw the total amount of US$1,102,859.21.

    According to the document, co-defendant Africanus Freeman, who served as cash officer, posted an amount to the system in excess of amounts actually paid to MoniGram and Western Union’s customers and thereafter converted the amount fraudulently posted.  The bank lost US$1,269,102.75.

    Co-defendants Robert Cummings, Jermaine Tegli, and Africanus Freeman converted to their own use and benefit the amount of US$8,924.29 which was in the custody of co-defendant Cummings as a teller and which was illegally withdrawn and paid out to co-defendant Freeman and Tegli upon their request for an IOU.

    Also on March 21, 2013, while counting money collected on March 21, 2013 in the vault, the defendants allegedly took US$248,309 and LD$40,349,285 (equivalent to US$576,418.36 at the rate of LD$70), which went missing from the vault of the bank without any authorization or document in support of its removal.

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