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Wednesday, February 1, 2023

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Man Arrested With L$1.3M ‘Counterfeit’

African Entertainment has garthered that Banknotes believed to be counterfeit and valued at around L$1.3 million have been confiscated by customs officers assigned to the Roberts International Airport in Margibi Ciunty. 

Report had it that the amount in question was allegedly confiscated from a man identified as Samuel Carlos upon arrival at the Airport via an Asky Airlines flight. The seized currency, according to the Liberia Revenue Authority (LRA) was in two denominations (L$100 and L$500) all in the tune of L$1.3 million.

However, Carlos’ arrest comes as the Central Bank of Liberia rolls out across the country a new family of Liberian currency, with new security features, that strengthen it.  The CBL printed L$100 and the existing L$500 banknotes, when held up and flipped, the seal on the banknotes becomes visible inside the left white field and the stars in the threads across the notes do move.

“On Oct 12, (night hours) the Customs Department of the Liberia Revenue Authority (LRA) seized L$1.3 million banknotes at the Roberts International Airport (RIA),”  D. Kaihenneh Sengbeh, LRA spokesman said.

“The currency was purportedly transported by an arriving passenger on ASKY flight. An investigation by multiple agencies is currently ongoing to establish the authenticity of the banknotes and surrounding circumstances.”

Meanwhile, the CBL’s Communication Director, Cyrus W. Badio, has disclosed that the state is investigating the latest seizure, after which the Bank “will be informed officially for technical evaluation to ascertain whether the said money is counterfeit banknotes.”

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