A LOCAL money laundering case where $0.8million was swindled from a resort has been dubbed as one of the top three in the world.
Financial Intelligence Unit director, Razim Buksh revealed this at the 3rd National Anti Money Laundering Conference at the Holiday Inn in Suva yesterday.
At least six people were tried and convicted of money laundering in regards to the case this year. The money was laundered between 2006 and 2008 and involved a main person, two workmates and relatives of the three persons. Officer-in-Charge of the Fiji Police Force, Assistant Superintendent of Police Puran Lal said they were still trying to trace where some of the money went to.
At least six cars, seen as tainted property because they were bought with the laundered money, are still in police custody.
The main person- the resort’s accountant- had a sister working as a senior banker in one of the banks and facilitated the transactions. The transactions were usually just below $10,000 and thus missed the bank’s “radar”.
Detailed news link: here
