Failure on the part of Madam Wenwu Benetta Gray to honor her US$12,372.72 loan obligation with Access Bank Liberia was enough last Friday to see her placed behind bars at the Monrovia Central Prison. Madam Gray is said to be a customer of the bank.
The court charged her with the crime of “Defrauding Secure Creditor.”
The crime under the law qualifies a person for bail, but defendant Gray at that time could not find a lawyer to secure her bond that would have prevented her from being sent to prison.
Mrs. Gray was jailed on the order of Magistrate Kennedy Peabody of the Monrovia City Court following a complaint filed before the court by the management of the bank.
In their complaint, the bank alleged that it entered into a loan agreement with Mrs. Gray in May this year, wherein she received the amount of US$11,000 with an interest of US$1,372.72 that she agreed to pay by September; an agreement, which the bank said she has failed to honor up to date.
Although she has paid some amount of the loan, the bank said that alone could not stop the court from sending the defendant to jail.
Based on that complaint, the court without hesitation issued a writ of arrest against Mrs. Gray, brought under the jurisdiction of Magistrate Peabody, who without wasting any time sent the defendant to the Monrovia Central Prison until she can file a criminal appearance bond.
“During the period of May, defendant Gray being there received from the bank’s cash amount of US$11,000, which was subjected to security interest. Said amount the defendant purposely converted and placed her to prevent the collection,” the writ further said.
The alleged act, according to Magistrate Peabody, is unlawful, wicked, and illegal and in was intentional in the violation of the law of which she committed the crime, defrauding secure creditor.