Members of the security forces and the Financial Investigations Division on Saturday conducted search-and-seizure operations at the homes of senior figures linked to the collapsed investment firm Stocks & Securities Limited (SSL).
The police are acting under warrants as part of a renewed push in the long-running investigation.
The coordinated operations targeted four premises - three in St Andrew and one in St James - as part of the ongoing probe into the multi-billion dollar fraud at SSL.
According to a statement issued early Saturday, the operation is raids are being carried out by the FID, the Constabulary Financial Unit and the Special Operations formation of the Jamaica Constabulary Force's Counter-Terrorism & Organised Crime Investigation Branc, with support from the Major Organised Crime & Anti-Corruption Agency.
The fraud scandal first came to public attention in January 2023.
Saturday's actions mark the first major public law-enforcement development in the SSL case in more than a year.
The lone accused in the matter is former SSL employee Jean-Ann Panton, who was charged with multiple offences in February 2023.
In December 2023, the Financial Investigations Division submitted a case file to the Office of the Director of Public Prosecutions, signalling the possibility of further charges.
However, the Director of Public Prosecutions has since indicated that outstanding issues remain which have affected the assessment of the file.
Welljen Limited, a company owned by sports legend Usain Bolt, is among more than 200 affected clients of Stocks & Securities Limited.
comments powered by Disqus
All feeds
