The Inquirer is a leading independent daily newspaper published in Liberia, based in Monrovia. It is privately owned with a "good reputation".

FIU Urges UN To Halt Rent payment …To Pan African Real Estate Corporation

The Financial Intelligence Unit (FIU) has requested the United Nations in Liberia to put an immediate hold on all rent payment to Pan African Real Estate Corporation until further notice.In a press release issued yesterday, the FIU said this would remain in place pending the outcome of due process on the legitimacy of the ownership of the Pan African Plaza, owns jointly by the Liberian and Libyan People that was formerly managed under the Liberian Libyan Holding Corporations.
The release said this action is in pursuant of the Financial Intelligence Unit Act of 2012, section 67. 3 (b) which states “the FIU shall trace/monitor property or any assets suspected to be related to money laundering or its predicate offenses, terrorist financing or proceed of crimes.
The release said the FIU has determined that it has reasonable grounds suspecting the Pan African Real Estate Cooperation to be a shell/Front company set up purposely to defraud the Governments of Liberia and Libya of revenues as established under the Liberia-Libyan Holding Company, which unfortunately was repealed by Former President Ellen Johnson Sirleaf to purposely make way for the Pan African Real Estate Cooperation(a shell company) to illegally, criminally, maliciously collect rent income from the property for personal gains against the interests of the peoples of Liberia and Libya.
It said after the Liberian Libyan Holding Company was repealed, there has been no successor established by the Liberian Legislature and there is no public record of sale of the company or its properties in a competitive bid process in keeping with the Public Procurement Laws of Liberia or international best practices on acquisition and disposal of state owned assets.
“Section 15.3(t) of the Anti-Money Laundering and Terrorist Financing Act of 2012 makes Inside trading and Market manipulation predicate offenses. Hence, any acquisition or transfer of properties as a direct result of the above mentioned predicate offenses cannot be legally recognized or accepted as legitimate.
Whatever the case of due diligence may have been, the Financial Intelligence Unit thinks the United Nations is a victim and had been misled to engage in business with a shadowed company.
Additionally, section 15. 2.1 (a)(b)(c) make a person or body corporate or legal entity guilty of the crime of money laundering if such persons or body corporate or legal entity believes or have reasons to believe that said property is a proceed of crimes. It is in this vein, the FIU requested and immediate and unconditional withholding of all payments to the Pan African Real Estate Corporation,” the release concluded.

  1. Adrian Amison says

    Good post and straight to the point. I don’t know if this is in fact the best place to ask but do you people have any ideea where to employ some professional writers? Thanks 🙂

  2. Sonny Cicio says

    Thank you for sharing superb informations. Your site is very cool. I am impressed by the details that you¦ve on this web site. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found simply the information I already searched all over the place and just could not come across. What an ideal website.

  3. Technical Indicators says

    Appreciate it for all your efforts that you have put in this. very interesting info .

  4. you’re truly a good webmaster. The website loading speed is incredible. It sort of feels that you’re doing any unique trick. Furthermore, The contents are masterwork. you have performed a wonderful activity in this matter!

  5. best buy stock says

    Whats Happening i’m new to this, I stumbled upon this I’ve found It positively useful and it has aided me out loads. I am hoping to give a contribution & help different users like its aided me. Great job.

  6. Popular Media Lies says

    I really enjoy reading on this website , it has got great articles. “It is easy to be nice, even to an enemy – from lack of character.” by Dag Hammarskjld.

  7. religion says

    Yeah bookmaking this wasn’t a high risk decision outstanding post! .

  8. JanEarnemo says

    Kamagra Venta Sin Receta [url=]cheapest cialis[/url] Uso Viagra Hombre where to buy cialis 5mg Cialis Price100 Mg Brand Viagra And Cialis

  9. smoretraiolit says

    I like the helpful information you provide in your articles. I will bookmark your weblog and check again here regularly. I’m quite sure I’ll learn a lot of new stuff right here! Good luck for the next!

Leave A Reply

Your email address will not be published.