Police in Monrovia have charged a man identified as Nathaniel Bestman with forgery, theft of property and economic sabotage for the act of defrauding the government in revenue payment in the tune of US$7,900, according to a press release the Liberia Revenue Authority (LRA) issued yesterday.
The Liberia Bank for Development and Investment (LBDI) alerted the LRA when suspect Bestman allegedly altered checks to divert taxes into an account called General Rainbow Account instead of the General Revenue Account.
Bestman was arrested by police on July 29 at the Gardnersville Branch of the LBDI, while attempting to deposit a Citibank Check of US$105,000 under a similar fraudulent act.
Police and LRA investigations revealed that suspect Bestman carried out the act in early June, when he altered an Ecobank manager’s check of US$5,401.97.
The manager’s check, which was purchased by Madina Rock Crusher Incorporated, was issued to the General Revenue Account.
On July 13, 2016, Bestman also carried out a similar act with another manager’s check from Afriland Bank in the tune of US$2,506.79. This manager’s check, which was purchased by Gossip Inc., was also issued to the General Revenue Account.
Bestman altered the name of the payee by changing the payee from the General Revenue Account to General Rainbow Account.
He later withdrew the money from both accounts.
Suspect Bestman was arrested with six different ID Cards with his photograph bearing different names. He has been charged, while his accomplices are being pursued.
Meanwhile, the LRA has applauded the Liberia Bank for Development & Investment (LBDI) for the alert and called on other banking and financial institutions as well as the general public to help the LRA in combating fraud in the tax revenue system of the country.