BREAKING: Authorities Scramble to Uncover Thieves Behind SSL Heist

Investigation into Millions Stolen from Stocks and Securities Limited (SSL) Takes a New Turn

September 4, Jamaica - The theft of millions from SSL has been ongoing for months, with authorities still trying to track down the culprits. A recent drama unfolded on social media as government officials took to TikTok and Twitter Spaces to address concerns about the investigation.

Minister Reassures Public Justice Will Be Served

Minister of Finance Nigel Clarke has reassured the public that justice will be served, revealing that UK investigators Kroll were in Jamaica last week. He promised new developments would be shared when available. However, questions remain about the government’s involvement in funding SSL’s working capital needs using taxpayer money.

Opposition Leader Calls for Transparency

Opposition Leader Mark Golding has called for transparency on the terms of this indefinite, uncapped capital injection. “We need to know what’s going on,” he said. “The public deserves answers.”

Lawsuits Pending Against Former Executives and Founder

Lawsuits are pending against former SSL executives and founder Hugh Croskery. An elderly investor has filed a separate lawsuit against 11 defendants, including Panton and Croskery. The cases will be heard in the Supreme Court on October 23.

Financial Services Commission (FSC) Involved in Investigation

The FSC is collaborating with law enforcement agencies, including the FBI, Fraud Squad, Kroll, and the Asset Recovery Inter-Agency Network for the Caribbean. The agency is seeking to dislodge an SSL-appointed trustee, while a separate court dispute involving the government’s application to shut down SSL will be heard in November.

Public Awaits Next Development

The public is eagerly awaiting the next development in this saga, which has left at least 70 investors anxious and concerned. As one commentator noted, “Is history about to repeat itself?” The story of SSL dates back to 1977 when it was established as Paul Chen-Young and Company.

Potential Warning Sign for Future Events

The Advocates Network has suggested that the issue could be a warning sign for similar events in the future. One young poster commented, “Right now it’s SSL vs The People of Jamaica.” The final months of this year may yet reveal more about this ongoing saga.