|Coye family Indicted|
|Written by Administrator|
|Thursday, 17 June 2010 00:00|
On Tuesday, June 15, the June session of the Supreme Court commenced and after numerous promises that their money laundering case would make it in time for the January session, it took two other court sessions before the DPP prepared an indictment for the Coye Family.
The Coye Family which include, Director of Money Exchange International Limited, Melanie Coye, her husband, James Gerou, her father, Michael and her mother, Marlene Coye as well as her brother, Jude Coye and their two employees, Dietrick Kingston and Athlee Matute were all read 5 counts ofmoney laundering. It’s a stunning indictment that took a while to be prepare by the DPP’s office but the Coye family and their two employee pleaded not guilty to all 5 charges and the case was adjourn for June 30.
The indictment came as a surprise as the Coye family was arrested in 2008 on one count of money laundering. On December 7, 2009, the Coye’s case went to a Preliminary Inquiry in the Belize City Magistrate’s and Magistrate Kathleen Lewis ruled that a prima facie case was established by the Financial Intelligence Unit and committed their case to the Supreme Court.
In Court on Tuesday the first count of money laundering which included the 6 accused and the company under which Melanie is the director read that on dates between October 9, 2007 and the 31st December, 2008 at Belize City in the Belize Judicial District of the Supreme Court, were engaged, directly in a series of transactions involving property to wit:- $1,557,789.00 or thereabouts being the proceeds of crime knowing or having reasonable cause to believe the same to be the proceeds of crime.
The second count (in the alternative) for money laundering reads that all 6 of the 7 accused, excluding Michael Coye but including Money Exchange International Limited on or between the dates of October 9, 2007 and December 31, 2008, engaged indirectly in a series of transactions involving property to wit:- Belize currency $1,557,789.00.
Count three for money laundering, which is contrary to Section 3 of the Money Laundering Act, Chapter 104 of the Laws of Belize, Revised Edition, 2000, that Melonie, Marlene, and Jude Coye, James Gerou, Dietrick Kingston and Money Exchange International Ltd., on dates between the 9th of October, 2007 and the 31st of December, 2008 at Belize, they received property to wit: $1,557.789.00, the proceeds of crime.
While the fourth count is alleging that the accused between the same period, possessed property in the sum of Belize currency, $1,557,789.00 believed to be the proceeds of crime.
The sixth and final count for money laundering alleges that between the same period, the accused, concealed $1,557.789.00, which is believe to be the proceeds of a crime.