Alexa

Suriname judge sentences bank, casino officials with violating currency laws

Suriname judge sentences bank, casino officials with violating currency laws

Top officials of a leading commercial bank and a gaming company at the center of a corruption scandal have been sentenced to jail time for violating Suriname's currency laws, a prosecutor said Friday.
De Surinaamsche Bank president Sigmund Proeve and former president Ed Muller were both sentenced Thursday to six months in prison and received a six-month suspended sentence for conspiring to transfer US$10 million (euro7.3 million) illegally from a casino to the U.S. between 1999 and 2001, prosecutor Chandra Algoe said.
Jeffrey Clague, a Canadian who managed the Palace Hotel and Casino, was also given six months in prison and a six-month suspended sentence along with a US$3,600 (euro2,700) fine, Algoe said.
Prosecutors said casino proceeds were transferred without the permission required by the Suriname Currency Authority.
The now-defunct casino was co-owned by a company called Dorsett Hotels and Resorts Inc. No listing was available for Dorsett, and it was not clear where it was based.
Local newspaper De Ware Tijd quoted lawyers for the bank officials as saying they will appeal the ruling.


Updated : 2020-11-30 06:33 GMT+08:00