The Assets Recovery and Property Retrieval Taskforce has revealed that more than US$6 million and L$800 million were allegedly funneled through bank accounts connected to companies linked to Madam Finda Bundoo between 2020 and the present.
According to the Taskforce, the transactions raise serious concerns of money laundering and financial impropriety, involving a web of individuals and entities operating under questionable circumstances.
Taskforce Chairman Cllr. Edwin Kla Martin disclosed that ongoing investigations have so far connected over 40 individuals to the suspicious financial activities. He noted that Finda Bundoo and her daughter remain persons of interest, emphasizing that efforts are underway to ensure their arrest.
Cllr. Martin also confirmed the arrest of Edward Pun-Pun, an employee of the Ministry of Commerce, for his alleged role in facilitating fraudulent transactions. In addition, Saah Johnson, owner of Macycle, a motorcycle trading company, has been implicated in the alleged scheme, with investigators claiming his business was used as a conduit for illicit financial flows.
In a striking statement, Cllr. Martin declared, “Free lunchtimeis over,” signaling the Taskforce’s firm stance against corruption and the misuse of public funds.
The task force showed pictures of a number of properties that it claimed Madam Bundoo had unlawfully obtained using stolen state property during the briefing.
Separate Case: US$800,000 Unaccounted for at Ministry of Foreign Affairs
In a related development, the Taskforce reported an ongoing probe into the alleged misappropriation of US$800,000 earmarked for renovation work at the Ministry of Foreign Affairs.
The investigation involves Managing Director of MDMC John Youboty and Acting Minister Duncan Sawyer, both of whom are accused of failing to properly account for the funds.
Cllr. Martin has called for the cancellation of all government contracts signed with Youboty, citing concerns over transparency and accountability.
The Assets Recovery and Property Retrieval Taskforce reaffirmed its commitment to pursuing all leads in both cases, promising to ensure that those implicated face the full weight of the law.
