The owner of a Bermuda-based international life insurance company wanted on charges of misusing millions from investors was nabbed in the Netherlands on Tuesday (July 9).

Ramesh Dusoruth, beneficial owner of St George’s Ltd, became the subject of an international manhunt after he failed to appear in Magistrates’ Court in March and skipped the island.

Police say he was arrested after an Interpol red notice was issued and local authorities are now liaising with the Dutch authorities to have Mr Dusoruth returned to Bermuda.

Acting Detective Superintendent Nicholas Pedro said the arrest was the end result of good teamwork between the Bermuda Police Service and their international counterparts.

“In today’s world of transnational organised crime, the ability for law enforcement to co-operate globally sends a clear message that one cannot easily hide from justice and accountability,” he said.

Once he is back in Bermuda, Mr Dusoruth will face a charge of fraudulent inducement to deposit or invest, transferring criminal property and three counts of transmission of false information to the Bermuda Monetary Authority.

The defendant is also known to have business interests in Cyprus, Malta and the Netherlands with homes in London and Antwerp in Belgium.

 

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