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Additional $38 million seized in Caribbean Estate fraud bust
Latest News, News
October 20, 2024

Additional $38 million seized in Caribbean Estate fraud bust

ST CATHERINE, Jamaica— Police have seized an additional J$38.3 million during a secondary search on Saturday of a premises in Caribbean Estate, Portmore in St Catherine.

The operation was reportedly carried out on a property on St Vincent Boulevard, where officers previously recovered approximately J$50 million, an undisclosed amount of US and British Pound currencies, four high-end vehicles, as well as two firearms. Two people were arrested in connection with the seizure.

READ: $50 million cash, 4 vehicles among seized assets in fraud bust at Caribbean Estate

Saturday’s operation, which took place between 11:30 am and 7:10 pm, was led by detectives from the National Strategic Anti-Gang Division (NSAD), with support from the Major Organised Crime and Anti-Corruption Agency (MOCA), the Financial Investigation Division (FID), and the Caribbean Search Centre.

During the search investigators also reportedly recovered two electronic devices, a currency counting machine, financial documents, luxury receipts, and designer handbags. The suspects and their attorney were present during the operation, police said.

In addition to the house search, previously seized motor vehicles were inspected, and further financial documents found within the vehicles were taken for investigation. Lawmen said these developments are expected to bolster the ongoing probe.

Investigators have confirmed that the scope of the investigation has expanded beyond what was suspected to be lottery scamming activities. Charges against the suspects are expected to be laid in the coming days as the investigation progresses.

Tags:

Caribbean Estate fraud MOCA POCA Proceeds of Crime Act
{"jamaica-observer":"Jamaica Observer"}
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