Published On: Thu, Jan 3rd, 2013

Jamaica authorities smash multimillion dollar fraud ring

KINGSTON, Jamaica – Detectives from the Organized Crime Investigation Division (OCID) have smashed a major fraud ring that fleeced J$85 million (US$920 thousand) from a prominent financial institution in western Jamaica.

The police report that Rohan Ennis, a businessman, was arrested and charged with several counts of forgery, uttering forged documents, conspiracy to defraud and obtaining money by means of false pretence.

It’s reported that Ennis was among a group of persons who applied for loans from the institution. It was later revealed that the documents which were submitted for the loans were forged. Some of the documents submitted were from organizations that do not exist. The individuals also submitted fictitious addresses.

Ennis was granted two loans totaling $J15 million (US$160000) of which J$10 million (US$108 thousand) was used to purchase a BMW X6. The police have since seized the vehicle.

Ennis who was arrested and charged on December 27 was remanded when he appeared in the Corporate Area Criminal Court on Wednesday.

The detectives have also listed twelve individuals, suspected to be involved in the scheme, as persons of interest.

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