Last updated: September 01. 2013 9:36AM - 535 Views
Associated Press

Story Tools:

Font Size:

Social Media:

(AP) The former managing director of a government-owned bank in Sierra Leone has been cleared of fraud accusations.

Former Sierra Leone Commercial Bank Managing Director Crispin Bishop Deigh and his deputy, Patrick Conteh, had been charged last month with attempting to defraud the bank of $4.8 million.

A court in the capital, Freetown, on Friday said the pair had been "acquitted and discharged for lack of evidence."

Authorities had alleged that the defendants defrauded the bank by obtaining unsecured loans. Charges are still pending against several of their co-defendants.

Corruption is widespread in Sierra Leone, a West African nation that is one of the most impoverished countries in the world.

Associated Press
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus

Featured Businesses


Info Minute

Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com