(CMR) Police have confirmed that over the past weekend the RCIPS and Cayman Islands Customs and Border Control Service commenced a joint investigation into the movement of gold through the Cayman Islands. As a result of this investigation a small private plane along with a large quantity of cash has been seized in Cayman, and four foreign nationals arrested.
They remain in custody.
CMR sources indicate that they declared the gold bars but not the cash and it was taking the local authorities some time to count and ascertain how much cash was actually involved. We understand the persons are Venezuelan and the plane is privately owned and worth around US$2 million.
The investigation is ongoing and is being conducted in conjunction with law enforcement agencies in other international jurisdictions.
UPDATE: Two men who were arrested as part of the below investigation have been formally charged with Smuggling. They are appearing in court this afternoon, 11 June.
The other two foreign nationals who were arrested have been granted bail as the investigation continues.
UPDATE: July 2:
Two other foreign nationals, ages 25 and 26 of Venezuela, who were arrested as part of the below investigation, have been formally charged with Possession of Criminal Property (money laundering).
Both men appear in court this morning, 2 July.
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