Arima Magistrate orders forfeiture of TT$42,000
An Arima Magistrate has ordered the forfeiture of TT$42,000 in cash which was seized from the home of a 66-year-old Arima man on May 12, 2014.
According to reports, police found and seized the money under section 38 of the Proceeds of Crime Act after which an investigation was conducted by acting Corporal Roger Boodoo of the Financial Investigations Branch (FIB), into the legitimacy of the cash.
Upon completion of the probe, the investigators filed for a forfeiture application in the Arima Magistrates’ Court.
After hearing submissions made by the state and the attorney representing the accused, senior magistrate Gillian Scotland ruled that the state had successfully proven its case that the monies were derived from a Specified Offence under the Income Tax Act, Chapter 75:01.
Delivering the ruling on May 1, Scotland ordered that the cash be forfeited.
According to the FIB, between October 2012 and May 1st 2018, a total of TT$418,387.40 in cash, US$138,520.00 in cash and EC$28,000 in cash were ordered to be forfeited by the courts.
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