Three persons, including former directors of Stocks and Securities Limited (SSL) are being questioned in relation to the multi-billion dollar fraud at the entity.

They are Mr. Hugh Croskery, Mrs. Sarah Meany, and Mr. Zachary Harding.

Croskery and Meany were taken into custody today during targeted operations, while Harding reported to the police.

A fourth person, Mr. Dermot Meany, was taken into custody for an unrelated gun matter.

The Financial Investigations Division (FID), the constabulary financial unit and the special operations unit of the Counter Terrorism and Organised Crime Investigation branch (C-TOC) and the St. James police division, with support from the Major Organised Crime and Anti-Corruption Agency (MOCA), executed a coordinated operation linked to the ongoing Stocks and Securities Limited (SSL) investigation.

In a statement, the FID said at approximately 4:30 a.m., a joint team executed four search warrants at a premises in Kempshot district, St. James and at 3 locations, including Wickham Avenue, in St. Andrew.

Three persons have been taken into police custody and are being questioned in the presence of their attorneys.

Two of those persons are directly connected to SSL; Mr. Hugh Croskery and Mrs. Sarah Meany.

Mr. Croskery was located at the Wickham Avenue address, where electronic devices and several documents were seized.

He was taken into custody on reasonable suspicion of breaches of the Bank of Jamaica act, securities act, larceny act and banking services act.

The search was also concluded at the Kempshot premises, which is the Meany residence.

Among the items recovered are SSL related documents and multiple electronic devices.

Mrs. Meany was taken in for her direct connection to activities at SSL and on reasonable suspicion of breaches of the Bank of Jamaica act, securities act, larceny act and banking services act.

The third person in custody, Mr. Dermot Meany, was arrested in relation to a firearms act breach discovered during the course of the operation.

He is a licensed firearm holder, however, he was found to be in possession of ammunition exceeding the legally permitted amount.

And, former CEO of SSL and Delta Partners, Mr. Zachary Harding, reported to the FID and C-TOC today, for questioning in the presence of his attorney.

The questions relate to the reasonable suspicion that he has breached the Bank of Jamaica act, securities act, banking services act and companies act.

Investigators are assessing all matters arising and forensically inspecting all evidence collected.