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Writer's pictureSulaiman Karim Sesay

Businessman Imprisoned for Fraudulently Increasing His Shares in a Company, Embezzled Nearly $3m USD 



On Monday, July 22nd, 2024, businessman Tarine Fairman, aged 59, was brought before the court pursuant to a bench warrant and subsequently imprisoned due to allegations of embezzlement and forgery in relation to a local company.



Fairman, a resident of the United States of America, is accused of falsifying certain documents, namely a DDF F-TCH Africa Sierra Leone Limited company status report dated January 24th, 2020, thereby fraudulently increasing his percentage share to fifty percent (50%) from the originally indicated five percent (5%) as outlined in the Memorandum and Articles of DDE D-TECH Africa Sierra Leone Limited.


Furthermore, on the aforementioned date and at the same location, the accused is alleged to have misappropriated a substantial sum of money amounting to two million nine hundred and twenty-four thousand seven hundred and thirty thousand United States dollars ($2,924,730) for mining operations in Kono District.



Fairman faces three counts of conspiracy to defraud, forgery, and fraudulent conversion. However, he did not enter a plea as he was arraigned on a preliminary investigation.


Following the reading and explanation of the charges, his lawyer, Roland Wright Esq., unsuccessfully attempted to secure Fairman's release on bail despite submitting a bail plea.



The Prosecutor, Chief Superintendent of Police Juan M.S Bull, Assistant Superintendent of Police Ibrahim Sheik Mansaray, and the Associating Counsel Jessie M Jengo requested an adjournment to confer with their witnesses.


Magistrate Kekura remanded the accused to the Male Correctional Facility in Freetown and adjourned the matter to July 26th, 2024.



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