Salah Farhat and his son Tamer The testimonies of two Lebanese nationals, Salah Farhat and Ezzat Eid in the ongoing US$1.3 million criminal legal battle between the pair at Criminal Court ‘C’ at the Temple of Justice has raised serious debate as to who is actually proving his side of the accusation.
Eid and Farhat are both partners in the operation of Tayo Motor, a company that imports and sells Chinese manufactured vehicles, where Eid holds 65percent share and Farhat also holds the remaining 35percent share.
Eid also agreed for Salah’s son Tamer to serve as a marketing manager based upon the recommendation of his co-partner, Salah.
But, both Eid and Farhat, in their testimonies claimed that they agreed for Farhat to open his (Farhat) personal account at Ecobank-Liberia in Farhat’s name, apart from the original account they held with the same bank that is in the name of the company, Tayo Motor.
When Eid first testified, he claimed that without his knowledge Farhat allegedly opened another account in his (Farhat) name, where Farhat used to deposit money collected from the sale of Tayo Motor’s vehicles.
The act of Farhat according to Eid caused the company to lose over US$1.3 million, of which he (Eid) is now seeking the court’s approval for Farhat to restitute the money he allegedly stole while serving as managing partner of the Tayo Motor.
But, during his testimony, Farhat admitted to opening an additional account in his name at Ecobank-Liberia.
Farhat testified that it was Eid who suggested that he (Farhat) should open his personal account at Ecobank-Liberia to be used to deposit money that was collected from the operations of Tayo Motor.
Farhat’s argument was that his personal account was used to transfer money in the amount of US$150,160.
Farhat also testified that on March 22, 2016, he transferred US$17,000 to Eid’s company, Madina Development Agency account, a rock crushing company. The amount was collected from another company, Oasis Company that purchased Tayo Motor’s vehicle.
“I used my personal account to pay several other expenses on behalf of Tayo Motor with the knowledge of Eid,” Farhat’s testimony alleges.Farhat said the opening of the account was meant to facilitate quick payment of salaries to employees of Tayo Motor and to pay several other expenses on behalf of Tayo Motor that was approved by his co-partner, Eid.Initially, Eid claimed that while auditing Tayo Motor operation, he discovered that Farhat allegedly misapplied over US$1.3million while Farhat […]
