Golding defended his actions against investment schemes

The Prime Minister Bruce Golding has defended the role of the Government in restricting financial investment schemes like the embattled Olint.



According to the Prime Minister a Jamaican living overseas has written to him complaining that the Government should be held responsible for his losses in the club.



The investor is claiming that he has lost 2 million US dollars in Olint.



Mr Golding said the man who is a medical doctor has also written to the foreign relations committee of the US senate.



He told the committee that the Jamaican Government has not taken the steps to ensure that he recovers the money.



Mr Golding is insisting that the Government did everything it could to prevent the operation of unregulated schemes.



Mr Golding said the Government has knowledge that Olint continued to accept money through a private account after the court ruled that the club should not accept further deposits.



Olint Boss Davis Smith is now on fraud charges in the Turks and Caicos Islands arising from the operations of Olint.