Crooks rip-off Caribbean Chemicals $2M using forged cheque


[] – The local business community is being warned against what is being touted as an upsurge in the use of forge cheques by suspected criminal elements in exchange for goods and services.

The warning was issued on Friday (February 14) by Caribbean Chemicals who reportedly suffered a $2M loss in fertilizers to this unknown group.

Agriculture Manager at Caribbean Chemicals Martin Lopez explained that an individual called the company requesting a quantity of fertilizers and made the payment using a cheque which appeared to be that of a company.

The transaction was completed as everything appeared to be normal, and the fertilizer was transported.

A few days later, Caribbean Chemicals received a phone call from an alleged transporter of the fertilizer who tipped off the company about the scam. An investigation was launched which eventually unearthed the fact that the cheque was forged.

Following their experience, Caribbean Chemicals decided to notify the business community through the Georgetown Chamber of Commerce and Industry and the media.

Meanwhile, Director of Caribbean Chemicals Francesca Pires believes that businesses including hers must review their process and operations to avoid getting duped by such criminal elements.
She is also urging the stakeholders in the business community to be very careful and to discuss these threats with their staff.

The robbery committed on Caribbean Chemicals is currently being investigated by the police.



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