ACC Enters into settlement agreement with Managing Director of T & S Company to repay USD 127, 547. 75
19th February, 2019
The Anti-Corruption Commission (ACC) wishes to inform the general public that it had entered into a settlement agreement with the Managing Director of T&S Company, Mr. Thomas Koroma, in respect of investigations into failing to pay tax contrary to Section 48 (1) (d) of the Anti-Corruption Act 2008.
After thorough investigations by the ACC, T&S Company, of No. 2 Lightfoot Boston Street Freetown and of Villa 55 OAU Village Hill Station, Freetown, was found wanting of failing to pay tax, being public funds to wit: GST on consultancy fee received from National Telecommunications Company (NATCOM) in respect of a NATCOM building construction project in sum of One Hundred and Twenty-Seven Thousand, Five Hundred and Forty-Seven Dollars and Seventy-Five Cents (USD $127, 547, 75).
According to the agreement reached with the ACC, as settlement, Mr. Koroma agreed to pay back in full, the said amount to the ACC within eight (8) months with effect from 15th November, 2018. He also agreed to pay the sum of Forty Thousand United States Dollars (USD $40, 000) at the commencement of the agreement, which he had paid. Mr. Koroma made additional payments totaling Fourteen Thousand, Six Hundred and Five Dollars and Twenty-Eight cents (USD$ 14, 605,28). The remaining amount of Seventy-Two Thousand, Nine Hundred and Forty-Seven Cents (USD $72,942,47)) will be paid to the ACC in four (4) installments, to be completed no later than 30th June 2019.
Within the past seven months, the ACC has recovered over Nine Billion Leones (Le 9, 000,000,000.00); part of which has been accordingly paid into the Consolidated Revenue Fund.
The Commission wishes to reassure the general public of its continued commitment and resolve in ensuring that public funds are protected, and where necessary, recovered.
For further enquiries, please contact Margaret Murray, Public Relations Officer, on Tel: +232-78-832131.
DIRECTOR OF PUBLIC EDUCATION AND OUTREACH