Finance Minister Dr Nigel Clarke is expressing “shock” and “anger” at the multi-million-dollar fraud allegations at Stocks and Securities Limited (SSL).
Nevertheless, the finance minister stated that he had “great faith” in the investigation authorities to elucidate every facet of the suspected fraud and “bring all culprits to justice.”
In the background of a growing investigation into the multimillion dollar fraud case, Clarke’s comments are made.
On Monday, the Financial Investigations Division (FID) and the Fraud Squad published an announcement revealing that some of the SSL accounts in question had been the subject of dubious transactions for more than ten years.
Selwyn Hay, the FID’s chief technical director, stated that although the FID, the Fraud Squad, and the FSC are treating the situation with the utmost urgency, they have not yet been able to determine the precise amount that has been stolen from the affected accounts.
Sprinting legend Usain Bolt, one of the affected investors, set SSL’s founders a 10-day deadline earlier on Tuesday to return the millions of dollars that he claims were fraudulently obtained from them by an SSL employee, or else face legal action.