Fraud Squad takes over car probe
The financial scrutiny surrounding Executive Rentals Incorporated is now in the hands of the Fraud Squad of the Royal Barbados Police Force.
Station Sergeant in charge of the squad, Mark White, told Barbados TODAY this afternoon the department had now received official complaints from Globe Finance and Nassco Limited regarding motor vehicles which they wanted to repossess, but could not locate.
He also said the squad was being asked to investigate reports related to loans for vehicles that did not exist.
White said while the probe into the Worthing, Christ Church company had already started, it was only at a preliminary stage and he could not yet say what direction the investigation would take.
Efforts to reach top management officials at the affected companies – Ron Davis of Globe Finance and Roger Hill of Nassco – were unsuccessful up to news time.
More than 100 vehicles have so far been taken from Executive Rentals by Globe Finance and Simpson Finance.
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