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Tuesday, August 17, 2010

KEY MOTORS BOSS ARRESTED

                  
Key Motors boss Desmond Panton was yesterday afternoon arrested and charged with 50 counts of evasion of Customs duties and taxes, taking steps to defraud the Government of duties, and unlawful removal of goods. Panton's car dealership on Hagley Park Road in St Andrew was also closed by the Customs Department. The gates to the premises and the doors to the Key Motors offices along the auto strip were sealed with tape bearing the Jamaica Customs Enforcement logo and the word "detained". Other auto dealers were being probed. "All bonded warehouses are now being audited and investigated.
"Hours after his arrest, Panton was released on a summons to appear in the Corporate Area Criminal Court on September 14. If convicted, the businessman could be slapped with $100 million in fines and penalties. He could also be imprisoned for up to five years on the unlawful removal charge.

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