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Financial News

Mar 2010 Financial News

First Global's rouge trader Rohan Rose charged

Mar 26, 2010

ROHAN CHRISTOPHER ROSE, 36-years-old former vice president for treasury at First Global Bank Limited was yesterday arrested and charged by the Organised Crime Investigation Division (OCID) with two counts of Conspiracy to Defraud, Uttering Forged Document, Causing monies to be paid out by means of a Forged Document, Causing Monies to be paid out by False Pretence and Conspiracy to Forge.

The arrest was carried out after months of investigation by OCID into allegations of fraud reported by First Global Bank Limited alleging that Rohan Rose used his authority within the organisation to defraud the company of several millions of United States Dollars.

He had reported that the loss amounting to almost US$19 million was due to trading. However, investigation has revealed that he has misappropriated approximately US$4 million.

He was arrested and charged with the aforementioned offences and placed in custody to appear before the Half Way Tree Resident Magistrate Court today.


Source:
Jamaica Observer
Friday, March 26, 2010

http://www.jamaicaobserver.com/business/Rohan-Rose_7505873