Dancehall entertainer Mavado, who has also been the victim of fraud, took to Instagram today to express his feelings about Finance Minister Nigel Clarke’s speech about strengthening Jamaica’s laws against white-collar crime. The recent shift in perspective is in response to the scandalous fraud allegations leveled against Stocks and Securities Limited (SSL), a non-bank financial institution.
In his earlier address, the finance minister says that if the country wants to take the financial sector to the next level, the government of Jamaica is going to have to review the punishment system it has in place for persons who breach the Securities Act and the Banking Act, among others. Clarke went further to say that they would stiffen the penalties for “white-collar crimes” in the financial sector.
The aim of this is to silence any issues about how criminals who breach these laws are penalized.
Clarke explained by stating that if persons rob investors, depositors, or in any other way try to jeopardize the financial system of the country, they will implement laws to see that they are locked away for an extremely long time.
Mavado stated in his post that they should start with his opponent on trial, Jennifer Messado because he and the people are watching. He then stated that if it were not for Usain Bolt, whom he referred to as “Fast Foot,” having his money defrauded, these actions would not have been taken.
Other industry entertainers like Matterhorn and Twin of Twins agreed with the So Special deejay, and Fans also flocked to the post’s comment section to support the dancehall artiste in his thoughts about the situation.
See the comments below: