Press Release From JCF, FID, and MOCA - December 28, 2025
December 28, 2025, Kingston, Jamaica: On December 27, 2025 the Financial Investigations Division (FID), the Constabulary Financial Unit (CFU), and the Special Operations Unit of the Counter-Terrorism and Organised Crime Investigation Branch (C-TOC) and the St. James Police Division with support from the Major Organised Crime and Anti-Corruption Agency (MOCA), executed a coordinated operation linked to the ongoing Stocks and Securities Limited (SSL) investigation.
The SSL investigation
commenced in 2023, after the laying of fraud-related charges against former SSL
employee Jean-Ann Panton. Following an extensive two-year investigation, a file
was submitted to the Office of the Director of Public Prosecutions (ODPP). An
initial ruling was recently received that former directors of SSL, Delta
Capital Partners Ltd. and SSL Growth Equity Ltd, be charged for breaches under
key legislation including the Bank of Jamaica Act, Securities Act, Larceny Act,
Banking Services Act and Companies Act.
At approximately 4:30 a.m., a
joint team executed four search warrants at one St. James address in Kempshot
District and three St. Andrew addresses. The operation targeted
former directors of SSL. As a result, three persons were taken into police
custody and questioned in the presence of their attorneys. Two of those persons
are directly connected to SSL—Mr. Hugh Croskery and Mrs. Sarah Meany.
Mr. Croskery, founder of SSL,
was located at a Wickham Avenue address, where electronic devices and several
documents were seized. Searches at the Kempshot premises—the Meany
residence—also revealed items such as SSL-related documents and multiple electronic
devices of interest, which were seized by investigators and entered into
evidence. Mrs. Meany was taken in because of her direct connection to
activities at SSL. All items seized are being subjected to forensic and
analytical review.
The third person in custody,
Mr. Dermot Meany, was arrested in relation to a Firearms Act breach discovered
during the course of the operation. He is a licensed firearm holder; however,
he was found to own ammunition exceeding the legally permitted
amount.
In the afternoon, Mr. Zachary
Harding, the former CEO of SSL and Delta Partners Limited, reported to the FID and
C-TOC to be questioned in the presence of his attorney.
Following the questioning
sessions charges were laid against individuals and companies for breaches of
the Bank of Jamaica Act, Securities Act, Larceny Act, Companies Act and Banking
Services Act seen below:
|
Hugh Croskery |
Sarah Meany |
Zachary Harding |
|
Securities Act, s.7 Securities Act, s.26(1)(a) Bank of Jamaica Act, s.22A Banking Services Act,
s.10(1)(c) Larceny Act, s.28(1)(a)(ii) |
Securities Act, s.7 Securities Act, s.26(1)(a) Bank of Jamaica Act, s.22A Banking Services Act,
s.10(1)(c) Larceny Act, s.28(1)(a)(ii) |
Securities Act, s.7 Securities Act, s.26(1)(a) Bank of Jamaica Act, s.22A Banking Services Act,
s.10(1)(c) Companies Act, s.363 |
|
Stocks and Securities
Limited |
Delta Capital Partners Limited |
SSL Growth Equity Limited |
|
Securities Act, s.26(1)(a) Securities Act, s.36(2) Securities (Conduct of
Business) Regulations, s.8 Bank of Jamaica Act,
s.22A |
Securities Act, s.7 Securities Act, s.26(1)(a) Securities Act, s.36 Bank of Jamaica Act, s.22A Banking Services Act, s. 10 (1) (c) |
Securities Act, s.7 Securities Act, s.26(1)(a) Companies Act, s.363 Bank of Jamaica Act, s.22A Banking Services Act, s. 10 (1) (c) |
Those
persons charged were offered bail and are scheduled to appear in court in
January 2026.
Meanwhile,
the matter of charges against Mr. Meany will be the subject of separate
communications from the appropriate law enforcement agency.
Keith
Darien, Principal Director of Investigations of the FID, said: “This
operation reflects our commitment to conducting thorough, evidence-led
investigations that protect the integrity of Jamaica’s financial system. By
working together and securing key evidence, we strengthen the casework needed
to advance accountability and safeguard the public interest.
We will
continue to work strategically, with our partners, to follow the facts, pursue
the proceeds of crime, and prosecute financial crime in the courts in keeping
with the rule of law.”
"We remain committed to disrupting all forms of
criminal activity and supporting processes that strengthen the delivery of
justice and protect Jamaica and Jamaicans.”
We understand the public’s expectation for swift results,
and that delays can be viewed negatively. However, the JCF, the FID, and our
law enforcement partners, including MOCA, have the capacity and expertise to
conduct these investigations thoroughly and bring matters forward in keeping
with the rule of law.”
Further
updates will be provided when legally appropriate.
Inspector Brenton Williams, head of the CFU:
Background
The
SSL investigation commenced in 2023 following allegations of fraudulent
activity, and has been advanced through extensive financial investigative work
and multi-agency collaboration. In a consolidated public update, the Ministry
of Finance reported that the fraudulent schemes are estimated to have affected
over 200 accounts and that the extent of the fraud exceeds J$3 billion in
value.
Of note, on
February 17, 2023, Ms. Jean-Ann Panton was charged with breaches of the Larceny
Act, the Proceeds of Crime Act (POCA), the Forgery Act and the Cyber Crimes
Act.
Editor's Note
The persons who were detained and charged have not been convicted of an offense. Unless the prove to be a flight risk, a danger to others, or could interfere with further investigations, the judge more than likely would allow bail. It is the right of the prosecutor to object to bail.
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