International search for alleged fraudster
Police have launched an international manhunt for a Bermudian-based international life insurance company owner accused of investor fraud involving millions of dollars.
Ramesh Dusoruth, owner of St George's Ltd, faces a charge of fraudulent inducement to deposit or invest and another of transferring criminal property.
He is also charged with three counts of transmission of false information to the Bermuda Monetary Authority.
Mr Dusoruth was arrested and charged with the offences, but failed to appear in Magistrates' Court on March 21 and an arrest warrant was issued.
Acting Detective Superintendent Nicholas Pedro of the Bermuda Police said: “Inquiries indicate Mr Dusoruth absconded from Bermuda and his current whereabouts are not known.”
He added Mr Dusoruth is known to have business interests in Cyprus, Malta and Holland and has homes in London and Antwerp in Belgium.
Interpol has been notified and the alleged fraudster has been red-flagged for arrest and return to Bermuda to face the charges in court. Anyone with information on Mr Dusoruth's location should contact the police specialist investigations department on 295-0011.