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Feb 27, 2013

Suresh Jaisinghnai failed to declare cash before flight

 

Suresh Jaisinghnai

Turning to the courts, a Cayo businessman was busted at the Phillip Goldson Airport on Tuesday with an undeclared amount of cash in US currency. Suresh Jaisinghnai was taking an afternoon flight when custom officers detected the cash he was carrying: nine thousand two hundred and seventy six dollars in US currency. The Financial Intelligence Unit was alerted and the businessman confirmed he had not declared the cash. Jaisinghnai appeared before the Chief Magistrate, Anne Marie Smith this morning and wasted no time in pleading guilty to the charge of Failure to Declare Money under the Money Laundering and Terrorism Act. The matter was dealt with expeditiously and because he was a first time offender, the Chief Magistrate fined him twenty-five thousand dollars instead of the maximum fine of fifty thousand dollars. Still yet the fine exceeded the amount of undeclared cash. By eleven this morning the businessman was able to meet the hefty fine and was free to go. But before he did so, he was handed back the cash.

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7 Responses for “Suresh Jaisinghnai failed to declare cash before flight”

  1. er says:

    so stupid. but its ok for diplomats corrupt ministers to fly out with millions of poor people monnnnney

  2. jimmy says:

    government of Belize and its stone age mentality, uncle tomming to you know whom. that man is as innocent as they get yet the magistrate mindlessly punishes him. for what? i want to hear mister jaisingh’s side of the story. i feel sure he counted out 9200 dollars because he wanted to be under the 10k limit. isn’t there any one in a position of power to do something in this country?? before 2008 we all thought dean would do something, and look how he has just fallen down big time.

  3. Ricky Malthus says:

    What dark , medieval, oppressive laws and justice system shrouds the nation of Belize!! Can’t we Belizeans see and understand that this judgment is stupid and oppressive. Where is the crime? After we change the government, all house representatives and unelected officials who are part of absurdities like this , will be re-educated and then hanged for crimes against humanity. Belize is looking so stupid!

  4. biteback says:

    Isn’t it legal to carry under 10K u.s. The laws in our country are absurd. who busted him? C.O. they are the most corrupted ones

  5. PG BWAI says:

    I know this man personally. I have done some surveillance systems, work for his businesses in cayo. This man is an honest, hard working man, he has 3 stores in cayo. This man’s family is very hard working also. This crap that he has been charged with is absurd. Shame on GOB, they should be arresting and charging corrupt ministers. I’m sure they use their big fat off shore bank accounts to do their gangster transactions, that is why we dont see them in the news. Look at them gambling our money in casinos then getting drunk and fighting. This is injustice. Mr. Jaisinghani came to this country to work hard not to be a criminal. Shame on GOB!!!

  6. Eye in the Sky says:

    I wonder how much cash the Government Ministers take with them when they go on one of their high roller meetings abroad ????????

  7. Storm says:

    Oops. These comments are right on point, many of our laws, like this one, strangle legitimate business. $10,000 Belize is not a huge amount of money for serious businesses.

    Of course, we all have the legitimate option of making electronic money transfers through a real bank.

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