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Attorney blasts FID on behalf of clients

By Racquel Porter
 
Lead attorney for Alliance Investments Management Limited (AIML), Tom Tavares-Finson has hit back at the statement by the Financial Investigation Division (FID), saying it is not worth the paper it is written on.
 
In a statement yesterday, the FID said Thursday's dismissal of 17 charges against AIML, does not affect ongoing efforts to recover the full benefits obtained by AFL for the offences for which it was convicted.  
 
The charges were dismissed after Chief Parish Court Judge Chester Crooks upheld a no case submission by AIML's attorneys in the Kingston & St Andrew Parish Court. 
 
Mr Tavares-Finson has described the statement as an attempt to conflate the issues by raising the fact that AFL pleaded guilty to minor regulatory breaches as part of a plea arrangement.
 
Acknowledging that he expected a release from the FID, Mr Tavares-Finson criticized the content, stating that it was drafted without competent legal advise.
 
Mr Tavares Finson also pointed out that several other entities were guilty of the same regulatory breaches and were granted a waiver shortly after the AFL prosecution to avoid being held accountable.
 
Noting that AFL and AIML are separate entities, the attorney said the statement only serves to compound the injustice meted out to AIML and does not acknowledge the grave error in the conduct of the FID, FSC and the BOJ.
 
He said, given the collapse of the POCA case against AIML, due to wholly unreasonable and baseless FID, FSC and BOJ overreach, the entity's founders reserve the right to take legal action to recoup losses incurred.
 
 
 
 
                                                            
 
 
 
 


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