FCIB – Deuss Held for Further 2 weeks

John Deuss, owner of First Curaçao International Bank, is to be held in custody for two weeks following his arrest for his alleged part in carousel fraud.

Prosecutors froze FCIB’s assets last month on suspicion that hundreds of millions of dollars of illegal tax gains had been stashed in accounts there by fraudulent traders. They also believe the Caribbean-based bank, on the Netherlands Antilles island of Curaçao, operated without a licence.

Deuss, after being arrested in Bermuda, returned voluntarily to Holland under police escort last week after waiving his right to an extradition hearing. Bermudan police had earlier held him in custody for three nights on an international warrant after which he was released on $10 million bail by a magistrate.

The warrant listed allegations of money laundering, handling stolen property and being in charge of a criminal organisation.

His sister Tineke, 60, who is on the board of FCIB, was arrested in September and though she has since been released it is understood she remains a suspect in the investigation being carried out by Dutch and British authorities.