Update | SSL founder Hugh Croskery seen leaving St Andrew premises with police
Published:Saturday | December 27, 2025 | 2:17 PM
Hugh Croskery, founder and former principal of collapsed investment firm Stocks and Securities Limited (SSL), was seen leaving a St Andrew residence with the police following an operation on Saturday.
The Gleaner's news team saw Croskery being accompanied by the police to an unmarked vehicle.
Earlier, the Financial Investigations Division (FID) said it was carrying out a coordinated operation targeting four premises - three in St Andrew and one in St James - linked to investigations into alleged fraudulent activity at SSL.
Croskery has denied any involvement in the alleged crime.
Croskery was observed outside the house on Wickham Avenue at around 6:50 a.m., talking with officers while holding a bag containing documents.
A pickup truck on the property was also searched in his presence.
At about 7:16 a.m., he was led to the police vehicle and driven away.
Officers on the scene declined to comment.
Police sources indicated that Croskery is to be questioned later on Saturday.
Croskery’s attorneys are King’s Counsel Peter Champagnie and Samoi Campbell.
Champagnie declined to comment when contacted.
After the scandal came to light in January 2023, Croskery said he resigned as a director of SSL and its parent company SSL Growth Barbados, where he was also chairman.
“I am of the view that my resignation would additionally signal and strengthen my position that I am no hindrance to the FSC's (Financial Services Commission) function, or to any other legitimate body authorised to conduct investigations into this matter,” he said in a letter that The Gleaner reported on in February 2023.
The FSC is the regulatory body for investment houses in Jamaica.
In its statement Saturday, the FID said the Constabulary Financial Unit (CFU), the Jamaica Constabulary Force’s Counter-Terrorism and Organised Crime Investigation Branch (C-TOC), and the Major Organised Crime and Anti-Corruption Agency (MOCA) are part of the probe.
"Members of the public are asked to remain calm and avoid operational areas where possible," said the media statement received at 5:17 a.m.
The SSL scandal came to light in January 2023.
To date, the only person charged is former SSL employee Jean-Ann Panton, who was charged with multiple offences in February 2023.
The current operation marks the first major public law-enforcement action in the case in over a year.
The FID had revealed that over 200 client accounts were impacted by the alleged fraud and irregularities, amounting to over US$30 million.
- Livern Barrett
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