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Jul 10, 2009

Charges dropped against one in $1.5 million laundering case

Story PictureThe other money laundering case, that of the Coye family, is taking a back seat to the Fuller case, but is still in the headlines. The one point five million dollars the Coyes are charged with laundering seems miniscule compared to the Fuller case. And in court today charges against one of the defendants were dropped by the prosecution. Attorney for the Coyes, Arthur Saldivar, said the charges against Ernest Raymond Junior, a friend of the family were baseless.

Arthur Saldivar, Attorney for Coye Family
“This morning we came in order to have the preliminary inquiry be commenced. However, an application was made by the prosecution to have the matter be adjourned. On top of that, the prosecutor also indicated that Mr. Ernest Raymond, who was included on the charge with the Coye family, was to be removed on the basis that they had no evidence to go ahead and charge them or sustain that charge with. On that basis, it was decided that on the twenty-fourth of September we will reconvene to hear whether or not a preliminary inquiry would go forward and this matter would be submitted to the Supreme Court should that be successful.”

Jose Sanchez
“Much has been made about the fact that your clients had over a million dollars somewhere stashed inside their home. There’s some an air that goes along with that. What is the explanation they gave for that?”

Arthur Saldivar
“Well, the explanation is simple. It’s money accumulated over time from time to time and I don’t think the Coye family is any different than any other family here in Belize. You find that certain persons don’t have a lot of confidence in the banking system, especially of late what’s been going on. They can show documentation as to how they came about the finance and when we get our day in court that will be presented. Outside of that, it’s always been maintained by my clients that they’re innocent. They stick by that and from what we have been able to see from disclosure given to us, we don’t see the evidence of any crime committed by them.”

The Coyes return to court on September twenty-fourth.

Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

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