Court papers in the hands of New Age have indicted and exposed one of the Government owned Bank, Rokel Commercial Bank in a Le1.3B bank Fraud.
The documents indicated that Judgment was delivered by Honourable Justice Jamseina E.L King on the 17th January this year in a matter between Haja Nancy Sesay and others Vs Issa Sesay, Aminata Jalloh (Nee Sesay) and Rokel Commercial Bank.
The matter was brought to court on 17th November 2018 for wrongful withdrawal/disbursement of the sum of Le, 1,386,772,826.81(One Billion, Three Hundred and Eighty-Six Million, Seven Hundred and Twenty-Six Leones, Eighty-One Cents).
After the exchange of legal arguments and submissions, judgment was delivered in favor of the plaintiffs on 17th January 2020.
Among other things the erudite judge ordered Rokel Commercial Bank (the 3rd defendant therein) to refund the said amount but lawyers of the bank filed a motion of stay of execution of the said judgement in February 2020.
However, on the 8th of July 2020, the court refused the said application seeking for stay of execution of the judgment.
As by law, a writ was issued to compel the Bank to comply with the said judgement by refunding the said amount as ordered by the court but someone highly placed in the Judiciary intervened when the bailiffs were half way through their work on 10th July at the premises of the Bank.
The Managing Director of Rokel Commercial Bank (RCB), Brian Gilpin explained that the disbursement happened around 2014-2015 way before his tenure as MD.
Gilpin maintained that sum amount of the money was supposed to have been paid to the family and it was paid to an elder brother who took away all of it based on the instruction of the legal person of the bank at that time who is now a judge.