Last Batch Of CBL Officials Released

By R. Joyclyn Wea

Criminal Court “C” at the grounds of the Temple of Justice has finally released the last batch of Central Bank of Liberia (CBL) officials indicted for allegedly printing L$2.6billion in excess. Those released include Dorbor Hagba, Joseph G. Dennis and Richard Walker.

Defendants Hagba and Dennis were released during the late evening hour of March 11, 2019 due to the proper checking, viewing and analyzing of the “Property Value Bond” by Judge Boima Kontoe, while Walker was released March 12, 2019.

The monetary value of the “Property Valuation Bond” is being put at US$60,000.00 for each of the indictees to be released. This bond was filed by an insurance company called Accident and Casualty Insurance Company, Inc (ACICO) located on Carey Street.

Hagba, Dennis and Walker along with two other officials of the Bank were arrested and charged with multiple offenses ranging from Economic Sabotage, Criminal Conspiracy and Criminal Facilitation. They were later sent to the Monrovia Central Prison (south beach) until their criminal appearance bond can be made available since the crimes accused of are bailable under the Liberian law.

After going through the bond filed, Judge Kontoe granted the bond and ordered their (Hagba and Dennis) release from the Monrovia Central Prison late Monday evening and Tuesday respectively.

The indictees were also given a condition to turnover their passports or any other traveling documents to the Court and should not leave Montserrado County and should as well appear before the court twice a month.