Three arrested in multimillion-dollar fraud case

The Major Organised Crime and Anti-Corruption Agency (MOCA) has arrested three suspects over the past week in connection with a massive multimillion- dollar fraud investigation affecting several financial institutions.

The suspects, a 44-year-old man and two women, ages 37 and 40, were nabbed following a series of coordinated operations across several parishes between January 13 and 16. The man was arrested at his Kingston address last Wednesday, while the women were arrested in Montego Bay and Portmore, last Wednesday and Friday, respectively.

They are suspected of carrying out an elaborate and highly sophisticated scheme targeting several financial institutions between January 2023 and April 2024. According to Major Basil Jarrett, director of communications at MOCA, the arrests represent a major breakthrough in a very unique, elaborate and complex fraud case that has been on the agency's radar for at least two years.

The three are expected to be charged later this week with various offences including breaches of the Proceeds of Crime Act, the Forgery Act, and the Law Reform for Fraudulent Transaction, Special Provisions Act.