Thu | Nov 15, 2018

Manchester businesswoman, son and sister on money laundering charge granted bail

Published:Friday | March 24, 2017 | 5:22 PM

A Manchester businesswoman, her son and her sister were today each granted $700,000 bail on money laundering offences.

Businesswoman, Eva Mae Sterling, her son Nicholas Chang and her sister Marline Ledford were charged with breaches of the Proceeds of Crime Act and brought before the Kingston and St Andrew Court today.

They were ordered to submit their fingerprints and surrender their travel documents.

The accused were also told to return to court on July 7.

The Financial Investigations Division in the Ministry of Finance says their arrest and charge is a culmination of intensive local and international efforts by law enforcement entities.

It says the probe revealed that the accused persons purchased a number of properties valued at over $100 million from the proceeds of drug trafficking activities carried out by a close relative who was convicted in the United States in 2013.

It says the investigation is indicative of the continued joint approach being utilised by local and overseas investigators in effectively identifying, tracing and seizing property believed to be derived from criminal conduct, whether done locally or overseas.

The division says law enforcement authorities will spare no effort in prosecuting those persons found to be facilitating launderers of ill-gotten gains, whether they are associates, family members or professional service providers.