More Trinidadians to be ordered to explain their wealth under new law

Trinidad & Tobago $100 Bill

 By

The TT$100 dollar changeover ended on December 31, 2019.

The source said it is likely that Longdenville Pastor Vinworth An­thony Dayal, of the Third Exodus Assembly Church, would be among those persons who would receive an explain-your-wealth order.           

The FIB seized TT$28,046,500 from Dayal under the Proceeds of Crime Act on Old Year’s Day after getting a detention order from a magistrate moments before midnight to detain the money, on December 31.

“If you are being investigated for a speci­fied offence—that is any offence under the Proceeds of Crime Act—you can be called upon to explain your wealth.

“And under the explain-your-wealth order, if you can’t explain your wealth, if you cannot provide a plausible explanation, you lose it. Under the law, it is subject to forfeiture,” the source said.

The source pointed out the case of the pastor feeds into a number of laws such as the Non-Profit Organisations (NPO) Act (which became law in April 2019), which requires chur­ches and other NPOs to incorporate themselves.

It also requi­res any organisation that receives over TT $10 million of gross annual income:

1. To have its financial records audited and reported on by a qualified auditor

2. To be registered with the FIU

3. Has to account for what it is doing with people’s money.

Post a comment or leave a trackback: Trackback URL.

Comments

  • kamtanblog  On January 4, 2020 at 2:37 am

    Q are donations to religious/charities illegal.?
    Was money his or churches ?
    Was pastor a victim of crime or criminal ?

    More questions than answers
    My jury out !

    Kamtan

  • Curtis  On January 4, 2020 at 7:15 am

    Speculation only, but I have a feeling that his Church was being used as a front for money laundering and he was getting a cut. They need to do the same in Guyana…..many in that country need to explain their wealth.

  • Ken Persaud  On January 4, 2020 at 3:28 pm

    That is more than one and a half million Yankee dollars. This is shady stuff, if you want to put it mildly. Otherwise, Trinidadian churchgoers must be the most generous in the Caribbean?

    The next chapter of this saga (tithing?) could land this Dayal fellow before a magistrate, followed by a lengthy vacation behind bars.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s