The Monrovia City Court at the Temple of Justice in Monrovia has incarcerated a former employee of Baker Tilly Liberia (BTL), an accounting firm, on charges of theft and misapplication of entrusted property.
Precious K. Randolph, the former administrative assistant and audit associate and a resident of the 72nd Community in Paynesville, was arrested on March 24, 2015 by the Liberia National Police based upon a complaint filed by Mr. Theo Joseph, Managing Partner of Baker Tilly Liberia.
In his complaint, Mr. Joseph alleged that the account number of GIP Esther of Paris, France, which is managed by Baker Tilly Liberia, was fraudulently debited of US$42,465 by defendant Randolph between December 2012 and 2014.
The police charge sheet further said Joseph explained that between theat period defendant Randolph, while in the employ of the institution, was entrusted to manage the funds of GIP Esther of Paris, France.
The Police charge sheet indicated that within that time the company discovered at that defendant Randolph without authorization had withdrawn the amount of U$42, 465.00 and converted same to her personal use.
The Police charge sheet added that after the fraud was discovered, the defendant made some personal deposits into the client’s account at ECOBank to cover up her misdeeds.
During police investigation, the defendant admitted committing the crime, but said the amount of U$42,465.00 was overstated by complainant Joseph. She said the actual amount she withdrew without authorization and converted to her personal use was U$39,015.
Meanwhile, defendant Randolph is currently detained at the Monrovia Central Prison pending court trail.