Jamaica News

Over the past few days, Joseph P. Connolly – the officially appointed liquidator of Olint TCI Corporation Ltd. – has been running ads (see image below) in the Jamaican press, inviting claimants of Olint TCI to forward their claim along with certain information about their account to his attention via email, post or fax.

Notably however, the notice indicates that this relates specifically to Olint TCI which was incorporated in the Turks & Caicos islands in April 2006, and does not include Olint Corporation Ltd., Overseas Locket International or any other entity incorporated in Jamaica or elsewhere that may be linked to David Smith and Tracy Smith, the shareholders of Olint TCI.

Thus, many Jamaicans (who invested heavily in Olint) are now left wondering if they’ve been left in the cold with regard to recovering all or part of money they may have invested in David Smith entities that are not being covered by the current compulsory liquidation of Olint TCI. The official liquidator has identified monetary assets in the U.S. and Turks & Caicos totalling a just US$13 million, a mere drop in the bucket according to some sources, and specifically earmarked only for those who invested via Olint TCI.

Thieves reportedly raided and looted the VIP boxes at the Northern Stand of Sabina Park, snatching at least five expensive plasma television sets. The VIP boxes that were raided reportedly include that of the Prime Minister. It is not known exactly what time the theft occurred, but it was some time after the 1st one-day international cricket match between the West Indies and India which ended on Friday (June 26) evening.