Coye family to get their frozen assets back by day’s end

Melonie Coye
(Exonerated)

Monday, May 5, 2014. AARON HUMES Reporting: The Supreme Court of Belize has agreed to discharge the order which effectively froze millions of dollars in assets belonging to Melanie Coye and her family in Belize City.

Melanie and her late father Michael Coye and 6 others were convicted of money laundering charges and sent to prison after a 2008 raid of the Coye family home on Johnson Street in Belize City resulted in the discovery of over a million dollars.

But the family and the six others, who were charged, were exonerated when the Belize Court of Appeal overturned their conviction.  Still the Financial Intelligence Unit FIU continued the freeze on the Coye family’s asset and so they went back to court on Friday to get a final resolution of the matter.

This morning, the Counsel for the FIU Tricia Pitts Anderson informed the Supreme Court that this is the end of their pursuit of the Coye family with regard to allegations of money laundering, opting not to further appeal the March 2014 Court of Appeal decision clearing the remaining defendants.

Pending the settlement of some other matters relating to the case, the Coye family should have their frozen money deposited to their bank accounts by the end of the day.

We will have more on this story later on.

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