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UPDATE: Harold Brady charged with fraudulent conversion

Thursday, December 14, 2017

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KINGSTON, Jamaica — Harold Brady, who was earlier this year disbarred from practising as an attorney in Jamaica, was yesterday charged with fraudulent conversion when he reported to detectives from the Counter-Terrorism and Organised Crime Investigation (C-TOC) branch.

Allegations are that in July 2014 the services of Brady and Company were engaged to sell a property in St Catherine that was being used as collateral for a loan.

Upon the completion of the sale, Brady and Company was directed to pay over to a local financial institution the balance of a loan that a client had received in January of the same year, the police reported.

A letter of undertaking from Brady and Company in respect of the property was received by the financial institution in July 2014, and in October that year, Brady and Company allegedly sent another letter stating that they had completed the sale of the property and was seeking a final statement to close out the agreement.

However, according to the police, the financial institution never received the sum of J$4,129,154.62 that was owed to them, hence a report was made.

His court date will be announced soon.

Brady, a noted attorney and senior member of the Jamaica Labour Party (JLP), was struck from the list of licensed legal practitioners in Jamaica and was disbarred after he was found guilty of professional misconduct in late February.

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