Log In

Reset Password

Deuss hearing set for 4 p.m. today

Former Premier Sir John Swan hugs John Deuss

Multi-millionaire oil tycoon John Deuss is expected to fly off the Island tonight with Dutch Police to face questioning about suspected money laundering.

The 64-year-old appeared in court yesterday for the second time this week at an extradition hearing which Senior Magistrate Archibald Warner adjourned until 4 p.m. today.

Mr. Warner told the court it was his intention to sign an order today ? drafted by Government lawyers ? to allow Mr. Deuss, who is originally from the Netherlands, to be ?committed for return? to his home country. The order will remove the need to go through a protracted extradition process, which can take months.

Mr. Deuss, former chairman of Bermuda Commercial Bank (BCB), is then due to accompany two Dutch detectives, who arrived on the Island on Tuesday night and were in court for the hearing, on the 8.10 p.m. British Airways flight to London Gatwick.

Mr. Deuss shook hands with the two officers after the court hearing yesterday and spoke to them in Dutch.

They refused to give their names or comment on the case to . They want to speak to Mr. Deuss about suspected deliberate or habitual laundering, handling stolen property and being in charge of a criminal organisation. Mr. Deuss? Caribbean-based business First Cura?ao International Bank, the biggest shareholder in BCB, has had its assets frozen as part of a multi-nation investigation into a tax scam known as carousel fraud.

Authorities in Europe suspect it has been used by traders to stash hundreds of millions of dollars in illegal tax gains.

Mr. Deuss spent three nights in custody over the weekend at Hamilton Police Station after he was arrested.

He was released at Magistrates? Court on Monday on $10 million bail and with two $5 million sureties from former Premier Sir John Swan and businessman Ward Young. His bail was extended until today.