The Special Organised Crime Unit (SOCU) will be collaborating with colleagues overseas regarding a money-laundering probe involving Nalinie Singh, the daughter of former Guyana Rice Development Board (GRDB) General Manager Jagnarine Singh.
On Monday, the 27-year-old woman was questioned at SOCU’s Camp Road office before being released on bail. Stabroek News learnt yesterday that the woman is required to report to the unit at specific times. Stabroek News understands that SOCU is probing the purchase of a property in 2014 for just under half a million Canadian dollars, the channeling of millions of US dollars though several overseas bank accounts and connections to a Panamanian company, Interbahaia Investments SA, which was granted a lease to operate the government-owned MARDS Rice-Milling Complex located at Burma, Mahaicony in 2004.
The woman’s father, is one of two men who had 16 fraud charges dismissed against them in October this year.
Principal Magistrate Judy Latchman found that no case was made out against Singh and agricultural consultant Madanlall Ramraj. The duo were charged with keeping fraudulent accounts and fraudulent appropriation of property.
