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Gov’t indicts Crane Currency over LD$2billion illegal print

elbcradio.com
Deputy Information Minister, Eugene Fahngon
Deputy Information Minister, Eugene Fahngon

MONROVIA, LIBERIA -The Liberian Government says it has indicted Crane Currency firm for illegally printing additional LD$2billion Liberian dollars without the consent of the Liberian Legislature.

The Deputy Information Minister, Eugene Fahngon, said the indictment of the international firm, is in violation for printing the money without the Legislature consent.

The Deputy Information Minister, Eugene Fahngon, told ELBC Wednesday, March 6, 2019 that the Legislature has the constitutional mandate to order the printing of money when necessary and anything contrary amounts to violation. Crane Currency is an international firm hired by the Central Bank of Liberia for the printing of the currency.

The Government of Liberia has already arrested and imprisoned five other past and current officials of the Central Bank for conspiring with Crane during the illegal printing of amount of US$5,611,469.58 an excess of US$401,469.58.

Those involved are Former Executive Director, Milton Weeks, Deputy Governor for Operations, Charles Sirleaf, Dorbor Hagba, Director of Banking, Joseph Dennis and Richard Walker. 

 


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