Update |Hugh Croskery, daughter Sarah Meany, and Zachary Harding being questioned in SSL probe

Former Stocks and Securities Limited (SSL) director Hugh Croskery, his daughter Sarah Meany, and ex-CEO Zachary Harding are being questioned by authorities on "reasonable suspicion" of breaching multiple financial and corporate laws, the authorities say.

The Financial Investigations Division (FID) also says multiple electronic devices and documents related to the collapsed investment firm were seized during Saturday’s pre-dawn operations in St Andrew and St James as part of the ongoing investigation into the collapsed investment firm.

"Investigators are assessing all matters arising and forensically inspecting all evidence collected," the law enforcement agency said in a statement.

Croskery, the founder of SSL, his daughter and her husband Dermot were taken from separate premises in St Andrew and Kempshot district, St James during the coordinated operations that included FID, the police and the Major Organised Crime and Anti-Corruption Agency.

The FID said Croskery and Meany were taken into custody on "reasonable suspicion" of breaches of the Bank of Jamaica Act, the Securities Act, the Larceny Act and the Banking Services Act.

Harding reported to investigators later on Saturday, the FID said.

Harding was being held on reasonable suspicion of breaching the Bank of Jamaica Act, the Securities Act, the Banking Services Act and the Companies Act, the statement said.

Meany’s Husband Dermot Meany was arrested for an alleged breach of the Firearms Act, which the FID claimed was discovered during the operation.

Dermot Meany is a licensed firearm holder, but was found in possession of ammunition exceeding the legally permitted amount, the FID statement said.

Documents related to SSL and multiple electronic devices were among the items seized at the premises where Meany was held, according to the FID.

Earlier, the FID said its operations were linked to alleged fraudulent activity at SSL, which became public in January 2023.

To date, the only person charged is former SSL client relationship manager Jean-Ann Panton, who was slapped with multiple offences in February 2023.

Panton has claimed that her initial confession was made under duress due to an alleged "offer" from Hugh Croskery. She has since recanted the confession and denies any involvement.

Croskery has denied the allegation.

The FID previously indicated that more than 200 client accounts were affected in the alleged fraud, which it said involved over US$30 million. A company owned by sports legend Usain Bolt is among the impacted clients.

Earlier this year Bolt expressed displeasure over the pace of investigations.

- Livern Barrett

STATEMENT FROM THE FINANCIAL INVESTIGATIONS DIVISION (December 27, 2025)

The Financial Investigations Division (FID), the Constabulary Financial Unit (CFU), and the Special Operations Unit of the Counter-Terrorism and Organised Crime Investigation Branch (C-TOC) and the St. James Police Division with support from the Major Organised Crime and Anti-Corruption Agency (MOCA), executed a coordinated operation linked to the ongoing Stocks and Securities Limited (SSL) investigation.

At approximately 4:30 a.m., a joint team executed four search warrants at one St. James address in Kempshot District and three St. Andrew addresses. The operation targeted former directors of SSL.

Three persons have been taken into police custody and are being questioned in the presence of their attorneys. Two of those persons are directly connected to SSL—Mr. Hugh Croskery and Mrs. Sarah Meany.

Mr. Croskery was located at the Wickham Avenue address, where electronic devices and several documents were seized. He was taken into custody on reasonable suspicion of breaches of the Bank of Jamaica Act, Securities Act, Larceny Act, and Banking Services Act.

The search has also been concluded at the Kempshot premises, which is the residence of the Meanys. Among the items recovered are SSL-related documents and multiple electronic devices. Mrs. Meany was taken in for her direct connection to activities at SSL and on reasonable suspicion of breaches of the Bank of Jamaica Act, Securities Act, Larceny Act, and Banking Services Act.

The third person in custody, Mr. Dermot Meany, was arrested in relation to a Firearms Act breach discovered during the course of the operation. He is a licensed firearm holder; however, he was found to be in possession of ammunition exceeding the legally permitted amount.

Meanwhile, Mr. Zachary Harding, the former CEO of SSL and Delta Partners , has reported to the FID and C-TOC to be questioned in the presence of his attorney. The questions relate to the reasonable suspicion that he has breached the Bank of Jamaica Act, Securities Act, Banking Services Act and Companies Act.

Investigators are assessing all matters arising and forensically inspecting all evidence collected. Further updates will be provided when appropriate.