Liberian NewsUncategorised

More delay in the US$10.7m domestic debt case: Prestige Motors vs Gov’t

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By Bockarie Musa    Cell # 0886557333

The long-running over US$10 million debt case between the Prestige Motors Corporation of prominent businessman George Haddad and the Liberian government continues to drag on.

Although the international monetary fund (IMF)  intervention to try to end the long running legal battle between businessman George Hadad, plaintiff, and the republic of Liberia, the defendant continues to defy the court by staying away from the proceeding, defense lawyers suggest.

The case is pending before the commercial court at the Temple of Justice for over seven years now without hearing, due to the failure by the counsel representing the government to attend.

As the case dragged on, the initial 10.7 million United States Dollars government owed in the loan agreement case accrued a profit of  20.7 million United States Dollars making a total of 30.7 millions Dollars.

Recently, the Judge of the Commercial Court Eva Mappy warned that the persistent delays by the defendant could lead her into rendering default judgement.

Although government initially agreed following  the intervention of the IMF to pay a total amount of 20.7 million Dollars it is yet to demonstrate the commitment in deed.

The hearing, which was scheduled for December 1, 2017, was abruptly postponed.

“the case George Hadad versus the Republic of Liberia has been rescheduled” , Associate judge of court Richards Clarke broke the news in the court room on Friday just as proceeding was about to commence.

No reason was given for the abrupt changes in the schedule and no new date was announced, leaving the public to wonder as to when justice will prevail in the long awaited case.

This is the second time in less than one month for the case to adjourn without hearing. Similar postponement was made last month when government lawyers failed to appear for reasons considered vague by the complaint.

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