Cuban light bulb trial: Wright opened company accounts as secretary, banker testifies

Published: Thursday | December 5, 2013 Comments 0
Kern Spencer
Kern Spencer

 

A prosecution witness yesterday testified that Colleen Wright, the co-accused in the corruption trial of former Junior Minister Kern Spencer, signed several documents indicating that she was the secretary for two of the companies which businessman Rodney Chin claimed he fronted for the former legislator.

Craig Williams, a business banker who was then employed to the Santa Cruz branch of the National Commercial Bank (NCB), testified that Wright signed the documents in 2006, when she opened two company accounts for Universal Management Development Limited (UMD) and Caribbean Communication Media Network (CCMN).

Chin, who was jointly charged with Spencer and Wright before he became the prosecution's star witness, has admitted setting up both companies, but said he was only acting as the frontman for the former junior minister.

Spencer and Wright are on trial for money laundering and illicit enrichment arising from the implementation of the Cuban light bulb project.

Williams testified that he was at work on September 29, 2006, when Wright, with whom he was acquainted, visited the NCB Santa Cruz branch and indicated that she wanted to open two accounts for UMD and CCMN.

He testified that he eventually opened the two accounts using documents that were transferred to him from the NCB Matilda's Corner branch.

"Based on the documentation we received, she signed as the company secretary for both companies," Williams told lead prosecutor Paula Llewellyn, who led him through his evidence.

He said after the accounts were opened, Wright asked for the account numbers and would oftentimes call for updates on both accounts.

The NCB business banker testified that in February 2008, he was at work when he got a visit from then head of the Organised Crime Investigation Division, Senior Superintendent Fitz Bailey, who questioned him about the accounts.

He said it was at that time he turned over to Bailey several items, including certified copies of two NCB cheques, a manager's cheque, and copies of the documents used to open the accounts for UMD and CCMN.

 

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