Attorney Godfrey Smith, Senior Counsel, is expected to make a no-case submission on behalf of his clients Rohn Knowles and Kelvin Leach, the Bahamian executives of Titan International Securities, after the prosecution led by Christelle Wilson closed its case on Thursday.
The Financial Intelligence Unit (FIU) accuses both men of failure to declare funds totalling US$12,300 upon leaving Belize, as they tried to do in September of 2014.
In December when the case was heard before Senior Magistrate Sharon Frazer, a police officer who picked up both men from the Philip Goldson International Airport testified that the envelope he confiscated from Leach contained US$6,300 and 11 Belize dollars and was so labelled. A check of the envelope, however, failed to turn up the Belizean currency and Senior Magistrate Frazer declined to accept the envelope as evidence, because its integrity was compromised in her view. Detective Constable Julian Chub now says the envelopes were mislabelled – the one he testified to actually contained the US$6,000 to have been declared by Knowles, and not the US$6,300 and BZ$11 to have been declared by Leach.
The case has been adjourned until February 4 when the men will learn if their charges stand or are dropped.
Rohn Knowles and Kelvin Leach are the subject of extradition proceedings by the U.S. Government, which accuses them and four others of defrauding the American federal government of a billion Belize dollars through alleged securities fraud.