After pronouncing a guilty verdict against Amo Contractor Company, an engineering entity, Judge James Jones of the Debt Court has authorized the sale of the company’s properties.
The property, which includes a one and a half lot with four buildings, is situated on Duport Road in Paynesville, outside of Monrovia.
Judge Jones’ decision was based on company owner Arnold B. Flahn’s refusal to repay a US$852,637 loan, including interest, to International Bank (IB).
Amo Construction was hired by the Press Union of Liberia (PUL) to construct its controversial headquarters, which is currently at the center of a legal dispute.
The bank filed an “Action of Debt by Attachment” against Amo Construction Company and its owner, Mr. Arnold B. Flahn, asking the court to attach the company’s properties to settle the loan.
The request was granted by Judge Jones’ September 9 ruling during which he advised Mr. Flahn to repay the loan and other expenses, including court charges – which he failed to do.
“Since Mr. Arnold B. Flahn has failed to make full settlement of his obligation to the International Bank, which is to the tone of US$852,637, including other charges, his assets will be publicly auctioned to the highest bidder,” said Judge Jones.
“The Court through its Sheriff issued a Writ of Execution and it was served and returned. Based upon a bid on November 14 at the Temple of Justice Mr. Flahn’s assets will be awarded to the highest bidder.”