A 40-year-old businesswoman was granted $500,000 bail with a surety last Tuesday by a Justice of the Peace on nine charges in connection vehicle fraud reports totalling $525,700.
Terkessa Brereton-Duncan, of Cipero Road, San Fernando, was charged on October 24th with five counts of Money Laundering totalling $154,700, Larceny in the amount of $153,000, Fraudulent Conversion in the amounts of $57,000, and $161,000 respectively, and Uttering a Forged Valuable Security.
Brereton-Duncan is expected to appear before the San Fernando Magistrates’ Court on December 14th, 2023, to answer the charges.
She was arrested and jointly charged by Cpl Lewis and PCs Williams and Ali, of the Fraud Squad South Office, who launched an investigation into police reports in which several people reported having handed over down payments to a woman believed to be of a Roll on Roll Off company.
According to the reports, the down payments were to be used for the importation, registration and delivery of various types of vehicles.
Detectives were informed, however, that the woman was never in a position to execute the transactions and all efforts by the prospective buyers to retrieve the funds proved futile.
The investigation was supported by personnel attached to the Research Analytical Unit.