The directors of Stocks and Securities Limited (SSL) are prohibited from taking any action to dissolve the business that is the target of a multibillion-dollar fraud, according to a court order received by THE Financial Services Commission (FSC) on Wednesday.
The FSC proceeded to court to stop an attempt to wind up the company and liquidate its assets, and the court granted the order.
SSL, Caydion Campbell, Hugh Croskery, Laurence Adamson, and Peter Knibb were identified as defendants in the case in the court filing.
The members of SSL submitted an application to the Companies Office of Jamaica for a members’ voluntary winding up on January 16, 2023, according to Finance Minister Dr. Nigel Clarke.
#UpdateReSSL pic.twitter.com/Hc3ALCkaif— Nigel Clarke (@NigelClarkeJa) January 26, 2023