UTC: Zero tolerance on attempt to compromise funds


    The Unit Trust Corporation says it is cooperating fully with the Police Service in their investigation into the attempt by individuals to withdraw funds that belonged to a murdered Tobago man.

    Seven persons, including two former employees, have been arrested and charged by the Fraud Squad as a result of a massive organized effort to defraud the UTC.

    Reports indicate that the death certificate of John Mills was used at the institution in Trinidad with attempts to withdraw his savings.

    The Corporation says it has zero-tolerance towards any attempt to compromise the security of unitholders’ funds, and any attempt will be dealt with seriously and expeditiously.

    Mills and his wife were murdered at their Buccoo home on May 2nd.