Sun | Nov 28, 2021

CUBAN LIGHT BULB TRIAL: Witness testifies that Wright deposited $4m cash, took out loan

Published:Tuesday | December 3, 2013 | 1:23 PM

Livern Barrett, Gleaner Writer

A prosecution witness this morning gave evidence that Colleen Wright, the former personal assistant to junior energy minister Kern Spencer, walked into a financial institution in St Elizabeth in 2007 and deposited a total of $4m in cash.

The evidence came from D'wain Clarke, who was a customer service representative at Santa Cruz branch of Jamaica National Building Society (JNBS).

Clarke testified that Wright first visited the branches about 10 o'clock on August 7, 2007 and indicated that she wanted to open a fix deposit account in the amount of $4m.

He said she also indicated that she wanted to obtain a loan of $3m to be secured by the deposit.

Clarke said Wright indicated that she only had $500,000 to open the account, but would return later that day with the balance.

The JNBS representative said he proceeded to open he account with the $500,000 and had Wright sign the relevant forms.

He said about two o'clock that same day Wright returned to the branch with $3.5m in cash.

Clarke said he asked Wright for the source of the funds and she told him it came from an account she had at National Commercial Bank.

He said he completed a deposit form for the $3.5m which she signed and this was added to her initial $500,000 deposit.

He said she then completed a loan form for Wright and she indicated how she wanted the loan of $3m disbursed.

"She requested that $1.8m be paid to her in cash and that $1.2m be paid by cheque payable to Help Line Company," Clarke testified.

The witness said Wright counted the cash, collected the cheque and left the institution.


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