AMRC case deferred

Justice Emmanuel Nkea of the Special Criminal Court yesterday adjourned the economic crime case involving three former senior officials of the Assets Management and Recovery Corporation (AMRC).

The accused persons Abdoulie B. Tamba, former managing director of the corporation, Abdoulie Dibba, former commercial director, and Yusupha M. Jaiteh, former acting -financial director, were arraigned under a five count-charge which included economic crime and abuse of office.

The case was adjourned on the grounds that both the defence counsel, L.S. Camara, and the trial judge were indisposed.

The trial will resume on 26 February 2013, for cross-examination of PW3.

It was stated in count one that Abdoulie B. Tamba, Abdoulie Dibba and Yusupha M. Jaiteh, between 2009 and 2010, at Banjul, within the jurisdiction of the court whilst holding public office, willfully and recklessly caused monetary loss to Assets Management and Recovery Corporation (AMRC) to the tune of D15,450,000 by selling rice and cement to various individuals on credit without proper collaterals.

The charge sheet on count two stated that Abdoulie B. Tamba, Abdoulie Dibba and Yusupha M. Jaiteh, between 2009 and 2010, at Banjul, within the jurisdiction of the court whilst holding public office, willfully and recklessly caused monetary loss to the Assets Management and Recovery Corporation (AMRC) to the tune of D7,200,000 by fraudulently converting same to the use of Samcad Holding.

Count three read that Abdoulie Dibba and Yusupha M. Jaiteh, and other at large, between 2009 and 2010, at Banjul, within the jurisdiction of the court, whilst holding public office, in abuse of the authority of their office, took a loan of D67,200,000 on behalf of Assets Management and Recovery Corporation (AMRC) without the necessary approval of the Board of Directors.

Count four indicated that Abdoulie Dibba and Yusupha M. Jaiteh, and other at large, between 2009 and 2010, at Banjul, within the jurisdiction of the court, whilst holding public office, in abuse of the authority of their office, took a loan of D49,751,520 on behalf of Assets Management and Recovery Corporation without the necessary approval of the Board of Directors.

Count five further stated that Abdoulie Dibba and Yusupha M. Jaiteh, and other at large, between 2009 and 2010, at Banjul, within the jurisdiction of the court, whilst holding public office, fraudulently converted to the use of Samcad Holding Ltd the sum of D7,200,000 being money belonging to the Assets Management and Recovery Corporation.