Wed, 2022-08-24

On Thursday, 11th August 2022, The Bermuda Police Service conducted Operation ALGEDI that saw the simultaneous execution of multiple searches involving over 70 police officers. The BPS Financial Crime

Unit, assisted by the Serious Crime Department, Drugs Unit, Tactical Division and the Community Policing Division, executed 18 search warrants across several properties in Bermuda. Following the Proceeds OfCrime Act search warrants, some live ammunition, drugs, believed to be cocaine, and more than $300,000.00 in cash were seized.A quantity of high value goods believed to be acquired from the proceeds of crime were also seizedFive persons were arrested in relation to this Operation. No police officer, politician or customs officer was arrested.

Detective Chief Inspector Sherwin Joseph of the Specialists Investigations Department stated: "Money Laundering and the associated predicate offenses cause significant harm to our community and the financial reputation of Bermuda. The investigation is at a critical juncture, and no further information will be provided at this time"

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