The Criminal Court “C” at the Temple of Justice in Monrovia has ordered eight commercial banks to surrender the bank accounts of Grand Cape Mount County Senator H. Varney Sherman and his Sherman and Sherman Incorporated within 72 hours.
The court action is predicated upon a ruling reached on Thursday, December 22, by presiding Judge Yamie Quiqui Gbeisay.
The banks include Afriland Bank, Access Bank, International Bank (now GN Bank), United Bank of Africa, Global Bank, Liberia Bank for Development and Investment, Guarantee Trust Bank (GTBANK) and ECOBANK (LIB) Limited.
In a motion filed on June 10, Sherman called for a quash or dismissal of the Writ of Subpoena Duces Tecum earlier filed by state prosecutors demanding the banks to produce his bank accounts covering January 1, 2010 to September 30 of the same year.
The case grew out of a Global Witness Report which said Co-Defendant Sherman and his law firm, serving as legal counsel for Sable Mining, and former House Speaker J. Alex Tyler, E.C.B. Jones and Christopher Onanuga took over US$950,000 in bribe to change a law on procurement in favor of the company.
In his ruling, Judge Gbeisay said having consider the facts and law controlling, the movant (Varney Sherman and Sherman and Sherman Inc.) motion to dismiss/quash prosecution’s application for the Subpoena Duces Tecum to be served on the banks to produce banking information of the defendants named in said application is hereby dismissed and denied, and the resistance thereto is hereby sustained.
He added: “The commercial banks are hereby ordered to produce the banking information, subject of the writ to the Clerk of Court within 72 hours effective as of the ruling, failure of which this court shall proceed according to law and it is hereby so ordered.”
It is worth noting that lawyers of Senator Sherman, who himself is one of Liberia’s veteran lawyers, have taking exception, announcing that they will take advantage of the statute and the laws controlling.