Jean-Ann Panton, the former employee at the centre of the multi-billion dollar fraud at Stocks and Securities Limited, was remanded when appeared in the Supreme Court on Friday for the first time.

Panton is scheduled to return to court on February 24.

The Financial Investigations Division (FID) this morning reported that Panton was charged with breaches of the Larceny Act, the Proceeds of Crime Act (POCA), the Forgery Act and, the Cyber Crimes Act.

READ: Confessed SSL fraudster Jean Ann Panton charged

“As indicated in a previous communication, the case is complex for three main reasons; the number and types of accounts affected; the number and types of transactions conducted on the affected accounts; and the length of time (over a decade) during which questionable actions were taken against some of the affected accounts,” said the FID.

In a release on Friday, the FID’s Chief Technical Director Selvin Hay said: “As the investigation progresses, we wish to assure the public that the work into unravelling this fraud is thorough and includes collaboration with local and international agencies. Various lines of inquiry are being pursued with a view to identifying all connected parties and bringing them to justice. As the investigation continues we will seek to lay additional charges, not only against Ms Panton, but against other perpetrators.”