Liberia’s Financial Intelligence Unit (FIU) has labeled Korlane investments limited liability Company as Shell Company Set up for Money Laundering and Concealment of Crime Proceeds.

The FIU described the company as a high-risk money Laundering company set up for what appears to be the sole purpose of laundering the proceeds of crimes generated through fraud, a predicate offense for Money Laundering.

WADR’s Darlington Porkpa has been looking through the FIU statement and now reports.