Million$ seized, three detained in SOCU’s money laundering raids

Feb 06, 2016 News

In stepping up operations to address money laundering, ranks of the Special Organised Crime Unit (SOCU) on Friday conducted operations on four locations.
According to a police press statement, during the operation, a significant quantity of foreign and local currencies was found at two of the locations. People were detained pending further investigations into money laundering.
A man and a woman have been arrested and are in custody assisting after the SOCU ranks swooped down on a house in Happy Acres.
That operation netted US$75,000 ($15M) and just over $500,000 in local currency.
This publication also understands that miner Paul Persaud was taken off a LIAT flight to Barbados where he would have been in-transit to St. Lucia.
Persaud who was donning a gold chain and a bracelet was taken to the SOCU Head Office. Like his mother-in-law, Persaud is also a miner who purchases gold regularly in the hinterland.
Up to press time he remained in custody. Reports from relatives are that they have been denied permission to speak with him.