Precious K. Randolph, 31, a former administrative assistant and audit associate of Baker Tilly-Liberia, formerly (VOSCON), a provider of professional accountancy services, yesterday appeared before the Monrovia City Court, at the Temple of Justice for theft of US$42, 465.
Madam Randolph was arrested on March 24, in relation to an investigation linking her to an illegal withdrawal of US$42,465 from Ecobank-Liberia account number 0011014700160904 belonging to an international company identified as GIP Esther of Paris, France.
At yesterday’s hearing, Magistrate Kennedy Peabody sent defendant Randolph to the Monrovia Central Prison to wait trial, apparently based on her legal team’s delay in securing her bail.
She has been charged with two counts of theft of property and misapplication of entrusted property, which is a bailable offence.
Madam Randolph was assigned to manage GIP’s account at Ecobank –Liberia, according to court documents.
The court documents allege that Baker Tilly also has an agreement with GIP Esther of Paris, France to manage and supervise that company’s funds at the bank.
The defendant was arrested, after police received a complaint from Baker Tilly-Liberia manager, Theo Dekonty Joseph, alleging that from December 2012 to 2014, the defendant fraudulently withdrew money from the bank.
The police alleged that during their preliminary investigations, defendant Randolph admitted to the commission of the crime, contending, however, that the amount of US$42,458 was overstated by her former employer.
Police quoted defendant Randolph as saying “the actual amount withdrawn without authorization and converted to my personal use is US$39, 015. 53.”
The court document also quoted police claiming that Madam Randolph said the amount in question was withdrawn by her when she served as administrative assistant and audit associate of Baker Tilly-Liberia.
The police also claimed that the defendant was represented by one of her legal counsels, Cllr. Albert Sim, during the investigation.