The producers of Mine Beer continue to be investigated by the FIU

The producers of Mine Beer continue to be investigated by the FIU

The Financial Intelligence Unit says that its investigation into the Caribbean International Brewing Company (CIBL), the company that produces Mine Beer, is far from over. Last year, a multi-agency raid conducted at its Carmelita factory resulted in the FIU ceasing three point one million dollars cash from the company. The FIU then launched an investigation into whether the money was proceeds of money laundering, tax evasion, or human trafficking. The incident is now a matter before the courts because CIBL believes that the FIU had no legal basis to confiscate the money and say they want it back. Today, FIU Director, Kent Clare, provided an update on the investigation.

Kent Clare, Director, Financial Intelligence Unit: “The fact is that we feel that we’re justified in our request and of course as we continue to develop our case eventually we will be able to share with the public and you will agree that of course we have had viable reasons to make the decisions that we have made and that is to go and ask the court there is something happening here we need to have the time to get to the bottom of it and if it turns out in the end that it might not turn out the way that we thought this is what the FIU is supposed to do, this is what the police is supposed to do so we are a little bit unable to understand any perception that what we’re doing is an abuse of power or anything, this is what we’re mandated to do.”

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