Appeal for Information: Ramesh Phillipe Dusoruth [Apprehended]

Wed, 2019-07-03

Acting Detective Superintendent Nicholas Pedro (Crime Division) – Following a complaint from the Bermuda Monetary Authority (BMA) regarding St. George’s Ltd., detectives from the Financial Crime Unit of the Bermuda Police Service arrested Mr. Dusoruth, the company owner, regarding allegations of misuse of several million dollars of investors’ money.

Mr. Dusoruth was subsequently charged with the following offences:

One count of Fraudulent Inducement to Deposit or Invest – Contrary to Section 404 Criminal Code 1907;

One count of Transferring Criminal Property – Contrary to Section 43 Proceeds of Crime Act 1997; and

Three counts of Transmitting False Information to the Bermuda Monetary Authority – Contrary to Section 33 Bermuda Monetary Act 1969.

Mr. Dusoruth was bailed from police custody and subsequently failed to appear before Hamilton Magistrates’ Court on Thursday 21st March 2019. The Court has issued an arrest warrant for Mr. Dusoruth.

Enquiries indicate Mr. Dusoruth absconded from Bermuda and his current whereabouts are not known.

Mr. Dusoruth is known to have business interests in Cyprus, Malta and Holland. He also has residential addresses in the UK (London) and Belgium (Antwerp).

A Red Notice has been circulated via Interpol for Mr. Dusoruth, with a view to returning him to Bermuda to face these charges.

Anyone with information on the whereabouts of Mr. Dusoruth should contact Detective Sergeant Paul Ridley or Special Constable Andrew Bartlett at the Bermuda Police Service Specialist Investigations Department (Financial Crime) on (441) 295-0011.

Update: Tuesday, July 9th - The Bermuda Police Service (BPS) can confirm that Ramesh Dusoruth was taken into custody in The Netherlands today (July 9th), at 10am local (Netherlands) time.

An Interpol Red Notice was issued for Mr. Dusoruth – beneficial owner of St. George’s Ltd. – after he absconded from Bermuda and failed to appear before Magistrates’ Court on Thursday 21st March 2019 to face allegations involving the misuse of several million dollars of investors’ money.

The Office of the Department of Public Prosecutions (DPP) has been informed and the BPS is commencing the process of liaising with the relevant Dutch authorities, in relation to the matters for which Mr. Dusoruth is wanted in Bermuda.

Acting Detective Superintendent Nicholas Pedro (Crime Division) stated – “The arrest of Ramesh Dusoruth in The Netherlands today demonstrates the breadth of BPS international partnerships with key stakeholders – Interpol and Dutch authorities – in tracking down and bringing perpetrators who indulge in criminality in Bermuda to justice. In today’s world of transnational organised crime, the ability for law enforcement to cooperate globally sends a clear message that one cannot easily hide from justice and accountability.”