The economic crime case involving three former senior officials of the Assets Management and Recovery Corporation (AMRC) is expected to resume today at the Special Criminal Court in Banjul before Justice Emmanuel Nkea.
Abdoulie B. Tamba, former managing director of the corporation, Abdoulie Dibba, former commercial director, and Yusupha M. Jaiteh, former acting financial director are being tried under a five count-charge which includes economic crime and abuse of office.
The prosecution has so far called several witnesses, and tendered exhibits.
Count one 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 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 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 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 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 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 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 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 D7,200,000, being money belonging to the Asset Management and Recovery Corporation.
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