Jamaican law enforcement agencies launched a coordinated pre-dawn operation resulting in the detention of three individuals connected to the massive financial fraud case at Stocks and Securities Limited (SSL). The multi-agency raid, executed at approximately 4:30 AM, targeted properties linked to former SSL directors as investigators intensify their probe into the billion-dollar investment scandal.
The operation involved specialized units including the Financial Investigations Division (FID), Constabulary Financial Unit (CFU), Counter-Terrorism and Organised Crime Investigation Branch (C-TOC), and the St James Police Division, with additional support from the Major Organised Crime and Anti-Corruption Agency (MOCA). Search warrants were executed at four locations—one in Kempshot district, St James, and three addresses in St Andrew.
Authorities confirmed the detention of former SSL directors Hugh Croskery and Sarah Meany. Croskery was apprehended at a Wickham Avenue residence where investigators confiscated electronic devices and documentary evidence. He faces potential charges under multiple financial statutes including the Bank of Jamaica Act, Securities Act, Larceny Act, and Banking Services Act.
Simultaneously, searches at the Meany residence in Kempshot yielded SSL-related documents and electronic equipment. Sarah Meany was taken into custody on suspicion of similar financial regulatory violations during her tenure at SSL. A third individual, Dermot Meany, was arrested for firearms-related offenses after authorities discovered ammunition exceeding legally permitted quantities despite his licensed firearm status.
In a parallel development, former SSL and Delta Partners CEO Zachary Harding presented himself for questioning at FID and C-TOC facilities accompanied by legal counsel. His interrogation focuses on potential breaches of financial regulations including the Companies Act.
All seized evidence is undergoing comprehensive forensic analysis as authorities continue to assess additional charges. The investigation remains active with promises of further updates as this complex financial fraud case develops.