Shigemoto arrested on suspicion of fraud

POINTE BLANCHE--Former United People's (UP) party finance minister Hiro Shigemoto was arrested at his home in Pointe Blanche on Monday morning, December 17, on suspicion of fraud, money-laundering and embezzlement, Chief Prosecutor Hans Mos confirmed Monday.
 
Shigemoto is suspected of making double payments to a company that provided services to government. He is currently in custody and is being questioned. When asked how long Shigemoto would remain in custody, Mos replied that he would not be detained "longer than necessary."
 
Mos also disclosed that the former minister had been arrested in connection with the ongoing Piranha investigation as a result of which Winair Chief Financial Officer (CFO) Robert Gibbs was arrested on Monday, December 3.
 
"From 2009 to 2011 Gibbs has been involved in recruiting personnel for various government agencies," Mos had said in an earlier statement concerning Gibbs' arrest. "He is suspected of having committed fraud, forgery and money-laundering concerning payment for his services. A considerable amount of money appears to be involved."
 
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The Piranha investigation started after a complaint was filed in 2011. Shigemoto served as finance minister from 2010 until April 2012 under the then UP-led government. He had served as head of the Island Government's Finance Department for several years before serving as minister of finance.

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