Westmoorings business manager charged with $8.6 million fraud and money-laundering

A Westmoorings man is expected to appear before a Port-of-Spain magistrate today, charged with 32 counts of money laundering and one count of obtaining approximately $8.6 million by false representation, between the period October 2015 and April 2018.

Chris Ramsawack, 54, of Schooner Court, was charged by PC Keston Williams, of the Fraud Squad, on Thursday 21st June, 2018, following advice received from Director of Public Prosecutions, Roger Gaspard, SC, on Wednesday 20th June, 2018.

The accused, the General Manager, of Chris Distributors Limited, Chaguaramas, is alleged to have leased two barges, the property of the Chaguaramas Development Authority (CDA), to another company, between October 2015 and April 2018, at a cost of US$364,500 and TT$6,132,105.

He was not authorised by the CDA to lease the barges or receive the cash.

A report was made to the Fraud Squad and an investigation launched. Ramsawack was arrested at the Piarco International Airport, around 2:00pm, on Sunday 17th June, 2018, after disembarking a flight from Miami.

Investigations were supervised by Snr. Supt. (Ag.), Totaram Dookhie and ASP (Ag.), Kent Ghisyawan.

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