Five former Liberian central bank officials, including an ex-president’s son, have pleaded not guilty to charges of money laundering and “economic sabotage” in a scandal over millions of dollars of newly printed cash.
A court in Monrovia, the capital of the impoverished West African country, said the group – accused of printing surplus banknotes worth 2.6 billion Liberian dollars ($16.3m) without authorisation – all asserted their innocence on Monday.
Liberia’s President George Weah promised to tackle corruption when he came to office in January 2018 but has recently faced protests from citizens angry about corruption, living standards and spiralling inflation.
The Central Bank of Liberia is at the centre of a probe into the cash – produced between 2016 and 2018 – which prosecutors say the ex-officials cannot account for.
Read the original article here: aljazeera.com
Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.