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Nov 7, 2019

Kishore Kumar Charged for Unlicensed Money Lending Operation

Kishore Kumar

The owner of Almacen Shanti in Corozal town Kishore Kumar was charged with operating a money exchange business without a permit.  On Wednesday, the businessman appeared before a magistrate and pleaded not guilty. He was offered bail of one hundred and fifty thousand dollars which he met. He was ordered to surrender his travel documents and is to request permission to travel to the neighbouring Chetumal for medical treatment. He is being represented by Attorney Audrey Matura-Shepherd; On Thursday, October thirty-first Almacen Shanti was searched by police officers, the Financial Intelligent Unit and officials from the Belize Tax Service Department. The search lasted for hours and officers recovered a large quantity of cash.  At the establishment, officers recovered one point six million pesos, one hundred and thirty-four thousand dollars in U.S. currency, one hundred and eighty-one thousand Belize dollars, more than a hundred thousand Rupees and a few hundred Canadian dollars.


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