D67m AMRC case deferred

The economic crime case involving three former senior officials of the Asset Management and Recovery Corporation (AMRC) was recently adjourned at the Special Criminal Court in Banjul before Justice Emmanuel Nkea.

The accused persons are Abdoulie Tamba, former managing director of the AMRC, Abdoulie Dibba, the corporation’s former commercial director, and Yusupha Jaiteh, former acting-financial director of the corporation.

The case was scheduled for cross-examination of the third prosecution witness (PW3), Lamin Sanneh, the current deputy director of the AMRC.

When the case was called, the presiding judge told the defence counsel that he would adjourn the case on the grounds that the time set for the case had almost elapsed.

The case was then adjourned till 15 April 2013, for cross-examination of PW3.

Count one stated that Abdoulie B. Tamba, Abdoulie Dibba and Yusupha M. Jaiteh, between 2009 and 2010, in Banjul, within the jurisdiction of the court, whilst holding public office, willfully and recklessly caused monetary loss to Asset 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, in Banjul, within the jurisdiction of the court whilst holding public office, willfully and recklessly caused monetary loss to the Asset 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 others at large, between 2009 and 2010, in 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 Asset 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 others at large, between 2009 and 2010, in 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 Asset Management and Recovery Corporation without the necessary approval of the Board of Directors.

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