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CUBAN LIGHT BULB TRIAL: Customer service rep testifies about multimillion-dollar deposits
2013-09-11 17:45:12 | (0 Comments)
Livern Barrett, Gleaner Writer
A witness today detailed how former junior energy minister Kern Spencer made two deposits totaling $6.25 million to a St Elizabeth financial institution just days apart.
Sasha Neil-Elliott, a customer service representative at the Santa Cruz branch of Jamaica National Building Society at the time, testified that on July 25, 2007, Spencer and co-accused Colleen Wright made two deposits totaling $3.25 million.
She was giving evidence at the corruption and money laundering trial of Spencer and Wright in the Corporate Area Resident Magistrate’s Court.
Elliott said the two returned six days later with $3 million.
She said on his first visit Spencer opened a fixed deposit account he said he wanted to use to secure a loan.
On his second visit, the witness said, Spencer opened a second fixed deposit account.
Elliot said Spencer indicated that the money was to be used to purchase a motor vehicle.
Spencer and Wright are on trial in relation to the implementation of the Cuban light bulb programme.
They are accused of benefiting improperly from the programme.
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Source: The Gleaner/Power 106 News
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