president of the University College of the Cayman Islands Hassan Syed has been
arrested and is being detained in Switzerland, the Royal Cayman Islands Police
Service confirmed Thursday.
Syed, 47, has been a wanted man since 2008 when he left
the Cayman Islands after an audit report found he had spent tens of thousands
of dollars of university money on personal items.
According to a statement released by the RCIPS Thursday
afternoon, Syed was arrested in November, following the international
circulation of information that he was wanted in the Cayman Islands.
Police said he
had been arrested in connection with a number of offences including theft,
obtaining money transfer by deception and obtaining a pecuniary advantage by
deception,” police said.
“The RCIPS is
currently liaising with the DPP and the Swiss authorities in an effort to
secure Syed’s extradition to the Cayman Islands as expeditiously as possible.
It should be noted that extradition can be a lengthy and complicated process,
as such, it would be inappropriate to comment further at this time and a
further update will be provided as and when appropriate,” the RCIPS statement
For more on this story, read
Friday’s Caymanian Compass.