Asset Recovery Team Uncovers Funds’ Transfers

The Asset Recovery Team has revealed that former officials involved in a legal dispute with Gracious Ride made several financial transfers to banks in the UAE, Ghana, and Ivory Coast during a nine-month legal battle.  Cllr. Edwin Kla Martin, Chairman of the Assets Recovery & Property Retrieval Core Team, made the disclosure during a press conference at MICAT in Monrovia on Thursday. He explained that while a stay order was placed on the operations of the Asset Recovery Team, former officials took advantage of the situation to transfer large sums of money to foreign bank accounts. He said the transfers are part of a broader investigation into 17 high-profile cases involving theft of government property, vehicles, and the illegal movement of funds. Cllr. Martin noted that the transfers are part of ongoing effort to evade accountability, while also citing other illegal activities such as falsified documents and stolen government assets.

Despite the legal challenges posed by Gracious Ride, Cllr. Martin confirmed that the Asset Recovery Team emerged victorious in all cases, marking a  win in the fight for accountability and transparency in Liberia. The team is now focusing on recovering stolen assets, including cash, vehicles, and other properties.  Meanwhile, the Asset Recovery Team made a public appeal for citizens to report any properties linked to former officials, ensuring that all reports would be kept confidential. Source: Courtesy of Spoon TV