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Police to seize assets of Carmax head Ian Lyn

Published:Thursday | April 23, 2015 | 4:15 PM

The police say they will be going after the assets of former president of the Jamaica Used Car Dealers Association and Carmax Jamaica Limited president, Ian Lyn, who is on the run.

Lyn is being sought in connection to a fraud case in which it is alleged Carmax failed to pay over more than $100 million it collected from the sale of motor vehicles.

Senior Superintendent Clifford Chambers, second-in-command of the Counter-Terrorism and Organised Crime Branch, says the police have engaged the Financial Investigation Division to go after Lyn's assets.

 

Senior Superintendent of Police, Clifford Chambers

SSP Chambers says the authorities could invoke the Mutual Legal Assistance Treaty to have Lyn, believed to be off the island, extradited to Jamaica to answer to the fraud allegations against him.

 

Senior Superintendent of Police, Clifford Chambers

Head of the Fraud Squad, Superintendent Anthony McLaughlin says the complainants include politicians, executives and members of the security forces.

Meanwhile, Darren Blake, a director of the car dealership, who has been charged in the fraud case, had his bail revoked when he appeared this morning in the Corporate Area Criminal Court. 

He was previously out on $1 million bail.

It was revoked and he was ordered remanded until his next court appearance scheduled for May 1. 

He has been charged with fraudulent conversion.