Kody Zander is the fifth person to be charged in connection to an ongoing investigation into alleged money laundering of millions of dollars’ worth of gold.
James Hinds, QC, who represents the prosecution in the matter, told Summary Court Magistrate Valdis Foldats, “Kody Zander was charged in relation to a four-handed matter now before the Grand Court.”
That “four-handed matter” is the case of Daniel Alberto Aguilar Ferriozi, Francisco Antonio Di Ventura Herrera, Pedro Jose Benavides Natera, and Juan Carlos Gonzales Infante. They have all been jointly charged with two counts of money laundering and one count of concealing criminal property.
Hinds told the court Zander was charged on Thursday, 5 Sept., one day before the other four made their initial Grand Court appearance.
The men are alleged to have all played varying roles in the importation of $4 million worth of gold sometime between 27 May and 31 May this year. An additional US$135,000 cash was found hidden beneath a compartment in a private jet, which transported the gold to Cayman. The money gave rise to a single count of concealing criminal property.
“Obviously he is not charged with the cash, but he is charged with the other offences,” said Hinds.
The Crown intends to have Zander’s charges elevated to the Grand Court as well. However, defence attorney Alex Davies has requested that another Summary Court hearing take place to determine whether the charges should be sent to the Grand Court.
Zander was released on bail and is expected to return to the court on 18 Sept.
The men in Grand Court have all entered not guilty pleas to the one charge of money laundering and concealing criminal property. A second charge of money laundering has not yet been put to the men.
Benavides Natera and Gonzales Infante were both remanded into custody, while Aguilar Ferriozi and Di Ventura Herrera were released on bail.