Former SSL executive expected to report to the police, says investigator

A former executive at Stocks & Securities Limited (SSL), the investment firm that collapsed amid an alleged multibillion-dollar fraud, has indicated that he will turn himself in to the authorities, law enforcement sources say.

The former executive is expected to be interviewed by investigators later on Saturday in the presence of his attorney, said an investigator who was not authorised to speak publicly.

He is one of four people targeted by the Financial Investigation Division (FID) earlier today in a series of coordinated pre-dawn operations related to investigations into alleged fraudulent activity at SSL.

Armed with a warrant, the police, along with operatives from the FID and the Major Organised Crime and Anti-Corruption Agency, descended on a house in St Andrew in search of the former executive, according to sources.

He was not at the premises.

Meanwhile, Hugh Croskery, the founding director of SSL and another individual are in custody.

Both are being interviewed by investigators today in the presence of their attorneys.

The FID has previously disclosed that over 200 client accounts at SSL were impacted by alleged fraud and irregularities amounting to over US$30 million. A company owned by sports star Usain Bolt is among the impacted clients.

The alleged fraud was reported to the public in January 2023.

The sole person charged in the case is Jean-Ann Panton, a former employee. She is scheduled to stand trial in May 2026.

- Livern Barrett and Andre Williams contributed to this article.

Follow The Gleaner on X, formerly Twitter, and Instagram @JamaicaGleaner and on Facebook @GleanerJamaica. Send us a message on WhatsApp at 1-876-499-0169 or email us at onlinefeedback@gleanerjm.com or editors@gleanerjm.com