24 of 25 charged in Seprod fraud have bail extended

May 22, 2023

Twenty-four of the 25 men charged in connection with the approximately $160 million fraud at Seprod today had their bails extended to return to the Kingston and St Andrew Parish Court on May 31.

The accused men are to return for conditions to be attached to their $400,000 bail.

While Jason Grant, the lone remanded, is to return for a bail application on the said date.

The court was also informed that a statement, and document from the Communication Forensic Cybercrimes Department of the Jamaica Constabulary Force is outstanding.

The judge however ordered that disclosure is to be made to the defence once the file is incomplete.

In the meantime, a September 25 date was set for the matter to be mentioned.

Deputy Commissioner of Police Fitz Bailey, during a press conference last month,  reported that the alleged fraud was masterminded by a two information technology employees who manipulated the company's systems to facilitate unauthorised payments to at least 23 other employees.

The multi-million dollar scheme is believed to have started in October 2021, days after the company's Newport West warehouse and offices were gutted by fire and resulted in losses estimated at more than $1 billion.

- Tanesha Mundle

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