A FOURTH person has been charged in connection with breaches of the Insurance Act for allegedly providing false information arising from the collapsed Dyoll Insurance Company Ltd.
She is Debbie Ann Hyde, former financial officer with the Dyoll Group Ltd.
Ms. Hyde was offered bail in the sum of $1 million when she appeared before Senior Resident Magistrate Martin Gayle in the Corporate Area Resident Magistrate's Court this week.
The other persons charged are 47-year-old former chief executive officer Mark Thwaites, his wife Catherine-Parke Thwaites and James Morrison, all former directors of the company.
TO RETURN TO COURT
It is alleged that they failed to provide information to the Financial Services Commission (FSC), the regulatory body for insurance companies and financial institutions. Ms. Hyde and the other three accused are to return to court on March 2.
Mr. Thwaites was arrested and charged on July 14 last year by members of the Financial Investigation Division (FID).
He has been accused of violating Section 147 of the Insurance Act of 2001 and of recklessly
supplying false information under the provisions of the act.
Further allegations are that he also failed to comply with directives given on December 17, 2004, by the FSC. Reports are that Dyoll's problems began late last year following a deluge of claims arising from property damage as a result of Hurricane Ivan in September 2004.
