PORT OF SPAIN – Two people were granted TT$300 000 (One TT dollar=US$0.16 cents) bail on charges of money laundering under the Proceeds of Crime Act.
Elie John and Neela Basdeo are also required to report to a police station two days per week as part of their bail in the matter that has been adjourned to October 8.
They were charged following investigations by the Financial Investigations Branch, White Collar Crime Division of the Trinidad and Tobago Police Service (TTPS) on Wednesday.
The police said that the investigations began on August 30, 2023, when officers from the South Western Division Gang Unit conducted an exercise at the home of John and Basdeo, in Debe, a town in south Trinidad.
The police said that during the search, officers allegedly discovered TT$1 055 800, in cash along with a quantity of marijuana. At that time, John was charged with possession of marijuana, and the cash was seized under Section 38 of the Proceeds of Crime Act and that further investigations led to the money laundering charges.
“The TTPS remains steadfast in its commitment to investigating all reports of criminal activity, particularly white-collar crime, and ensuring that those responsible are brought before the courts through the proper legal channels,” the TTPS added. (CMC)
