The FIU filed the applications three days after it froze the accounts of the three business entities, a procedure that the law requires it to do.
In the case of Target Data Processing Limited, Justice Lucas granted the application to freeze its assets, which amounted to over $89,000.00 U.S. Justice Lucas also granted the application to freeze the account of Generic Limited, monies that amounted to over $27,000.00 U.S.
Justice Lucas said that there was evidence in the two cases because both business entities are charged with drug trafficking.
Justice Lucas denied the application in the case of Pegasus Resources Limited. He said that based on the application put before him, there was insufficient evidence that monies in Pegasus? account were linked to the proceeds of crime, particularly drug trafficking. The FIU had applied to freeze the Pegasus Resources Limited account, that amounted to 1.8 million U.S.
Senior Counsel Dean Barrow, who represented Pegasus Resources Limited, had opposed the application to freeze Pegasus? accounts. He also represented Target Data Processing Limited, but did not oppose the application to freeze its accounts.
Generic Limited was not represented by an attorney.
Crown Counsel Marjorie Moyston represented the FIU.