Three Charged in Alleged Scheme to Launder Drug Money Through BCCI With PM-BCCI Rdp, f0009
VANCOUVER, British Columbia (AP) _ Three men have been charged in what Canadian police say was a scheme to launder $6 million in drug money through the Vancouver branch of the Bank of Credit and Commerce International.
Lawyer Patrick Good and businesman Robert Marr, both of Vancouver, and Wayne Ross, whose address is unknown, have been charged with possession of the proceeds of crime, police said Thursday.
A total of 32 charges have been made against the three by the anti-drug profiteering section of the Royal Canadian Mounted Police.
Police said Ross is also the subject of a Canada-wide warrant on drug charges in the Vancouver suburbs of Burnaby and Surrey.
Police said the investigation of the alleged scheme began three years ago.
Canadian depositors at BCCI had their accounts frozen July 5 when the federal government seized the bank, which has branches in Montreal, Toronto, Ottawa and Vancouver.
The move came in conjunction with seizures by the United States, Britain and other countries of BCCI branches. Bank regulators allege the Luembourg- based bank was involved in widespread fraud, money laundering, and bankrolling of terrorists.
The federal government filed a petition Monday to liquidate the institution on the grounds that allegations of corruption surrounding BCCI have made its Canadian subsidiary, Bank of Credit and Commerce Canada, no longer viable.
A Quebec Superior Court judge ruled Thursday that depositors of the Bank of Credit and Commerce Canada will be summoned to creditor’s meetings within 14 days to discuss the bank’s future.
Justice Alphonse Barbeau signed an order appointing a provisional liquidator and requiring creditors’ meetings to be held in Montreal, Toronto and Vancouver.
The order also specified a shareholders’ meeting be held in Toronto by Aug. 29. Arguments for liquidation will be heard in Quebec Superior Court on Sept. 6.