It has been ascertained that documents seized from the home of Cash Plus Limited boss Carlos Hill reveal the existence of more than US$4 billion deposited worldwide. 

The police have begun investigations to confirm the find and to determine the financial status and assets of the investment scheme.

Hill is scheduled to appear before the Half-Way Tree Resident Magistrate's Court tomorrow on charges relating to fraudulent conversion of money provided by investors and conspiracy to defraud. Les Green, the Assistant Commissioner of Police, reported that investigations may have to be done throughout the Caribbean, Europe and the Far East to assess Hill's financial affairs.

The documentation found at Hill's premises last Thursday showed more than US$4.6 billion lodged in various countries, in the name of Galina Trust Limited, which is registered in the Turks and Caicos.   The documents also indicated that a loan of US$1 billion had been secured, last January, on at least US$2.5 billion held in banks in Germany.

Green was quoted as saying, "I urge restraint regarding what appears to be vast sums of money as it will take time to confirm their existence."  He went on to say that, "Additional documentation has been assessed and these indicate that other significant sums and bank accounts may exist and are believed to be held in the British Virgin Islands, UK, Spain, Kuwait and China."  It was also determined by the police that 186 companies are either directly linked to Cash Plus or Carlos Hill.

Meanwhile, another person related to the embattled company has been arrested.  Yesterday, members of the Organised Crime Investigation Division, conducted an operation in Ocho Rios, St Ann, and arrested Garwin Davis, a public relations consultant for Cash Plus.  

Davis, a freelance journalist, was charged with possession of a forged United States passport, forgery of a United States passport and false declaration.The police said Davis has travelled extensively between 1992 and 1995 on the forged US passport under the name of Timothy Earl Mitz.