The Liberia Revenue Authority (LRA) is collaborating with the Major Crimes Department of the Liberia National Police (LNP) in the conduct of a criminal investigation into another revenue fraud alerted by the International Bank Liberia, Ltd. (IBLL). The IBLL alerted the LRA that an IBLL Manager’s Check of US$6,138.20, representing employees’ withholding taxes for November 2016 issued in the name of IBI International – LASS, intended for deposit into the General Revenue Account (GRA) had surfaced for clearing at Afriland First Bank into a private account titled W. Joe General Business Center. The IBLL also alerted Afriland First Bank of the potential revenue fraud at which time the Afriland Bank flagged the account. Investigation revealed that the two checks were altered and deposited at the Afriland First Bank in the W. Joe General Business Center’s account, instead of the General Revenue Account. Meanwhile, the account holder of the W. Joe General Business Center’s account, Joe Williams, is on the run, while staffs who handled the manager’s check within the two institutions are also facing criminal related interrogation.

Source: GNN Liberia January 19, 2017 22:19 UTC