Sagicor Jamaica commends arrest of four in fraud targeting the group
/ Our Today
administrator
The Sagicor Group Jamaica is lauding the police on the arrest of four persons regarding a 2016 to 2019 fraud case involving personnel affiliated with the group.
The arrests were made Monday morning in operations across Kingston and St Andrew.
Under the fraud scheme, contractors employed by Sagicor Group Jamaica Limited, acting in collusion with employees of the company, submitted multiple Interim Payment Certificates (IPCs) and invoices for work purportedly completed at properties owned or managed by Sagicor Property Services.
Payments were reportedly subsequently made based on the fraudulent documents.
Following the announcement of the arrests, Sagicor said in a release on Monday that it continues to cooperate with the Major Organised Crime and Anti-Corruption Agency (MOCA), as it carries out investigations into the fraud case, which is also being probed by the Counter-Terrorism and Organised Crime (CTOC) branch, along with other agencies of the Jamaica Constabulary Force (JCF).
“From the outset, Sagicor has remained steadfast in its commitment to transparency and accountability. As the group maintains a zero-tolerance approach to fraud, upon identifying irregularities in 2019, immediate steps were taken to report the matter and safeguard against future breaches. We commend the efforts of the law enforcement authorities in conducting a thorough investigation,” Sagicor said.
The company added: “Sagicor Group Jamaica is committed to supporting the authorities as their investigations progress.
“As this is an active legal matter, we will not be providing further comments at this time.”
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