No charges will be filed following a 3-year investigation by the Financial Crimes Unit of the Royal Cayman Islands Police Service into the Affordable Housing Initiative.
A legal ruling has been given by an independent United Kingdom Senior Queens Counsel following the examination of the case file, exhibits, papers, statements andinterviews. The ruling states that there is insufficient evidence to lay any charges against those involved.
The ruling further recommends that the investigation now be closed.
‘This has been a protracted investigation which has had oversight from legal experts both in the Cayman Islands and London,’ said Superintendent Mike Needham, head of the Financial Crimes Unit. ‘My thanks are sent to the officers involved who worked extremely hard on this case and demonstrated a very high level of professionalism throughout these enquiries.’
A large number of statements were taken in this matter together with tape recorded interviews of key witnesses and the examination of paper documents and other exhibits.
The enquiry had the oversight of the Cayman Islands Legal Department together with an overview of the whole enquiry by an eminent Independent Queens Counsel who is based in legal chambers in London.
A number of case conferences were held with the legal oversight team during the course of these enquiries and further detailed additional work was carried out as a result of these conferences.