KINGSTON, Jamaica — Two former senior executives of the collapsed investment firm Stocks and Securities Limited (SSL) have been taken into custody as part of a coordinated law enforcement operation spanning St Andrew and St James.
Investigators are also said to be searching for a third individual in connection with the ongoing multibillion-dollar SSL fraud probe. The operation, which began early Saturday morning, forms part of investigations that have been ongoing since 2023.
The Financial Investigations Division (FID), working alongside the Constabulary Financial Unit (CFU) and the Jamaica Constabulary Force’s Counter-Terrorism and Organised Crime Investigation Branch (C-TOC), conducted searches at four locations—three in St Andrew and one in St James. The operation is being supported by the Major Organised Crime and Anti-Corruption Agency (MOCA).
Authorities said the searches are part of a broader investigation into alleged fraudulent activities at SSL. However, officials have not disclosed the specific locations involved, the nature of the premises searched, or whether any formal charges have been laid.
No additional details were provided on the scope of the operation or the evidence being sought. Members of the public have been advised to remain calm and avoid operational areas where possible.
The SSL investigation remains one of Jamaica’s most closely watched financial probes, involving several law enforcement and anti-corruption agencies. Sprint legend Usain Bolt is among approximately 200 victims of the alleged fraud.
To date, Jean Ann Panton, a former employee of SSL, is the only individual charged in connection with the investigation. She remains before the courts.
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