BY JENNIFER KUSAPA
The case against the owner of the One Link Pacifica money scheme has been moved to June 29.
Principal Magistrate Felix Hollison adjourned the matter yesterday after prosecution said they were yet to give the defence two outstanding statements.
Prosecution said the file had just been given to them by investigators, along with two additional statements, but one statement is yet to be typed by the investigator and verified with the witness.
Prosecution said that investigators need a day or two to complete the statement before the statement can be ready before providing it to prosecution.
Prosecution said once those outstanding statements are ready full disclosures will be served to the defence.
Meanwhile, a lawyer from the Public Solicitors office said that no instruction was obtained from the lawyer in carriage of the matter, who is currently on leave.
Therefore, the solicitor sought an adjournment on the case for a later date.
This is the case of Mr Charles Dora who is facing two charges under the financial institution act 1998.
Prosecution said on July 4, 2019, One-link Pacifica was formally registered at the company Haus under the name of Mr Charles Dora as Director.
There is a business certificate in file as it appears, Mr Charles Dora is a Director of OLP, registered under business name one link Pacifica Business number 20191217 issued by Company Haus.
Dora is the proprietor and sole trader of the OLP, he is also a manager for online mentors.
One link Pacifica scheme was described as sharing resource; however, it is a Ponzi scheme, the essence of the scheme is that investors give money towards the company, on promise there will be higher return after 30 days of investment, the creator of the scheme then used recruiting agents (mentors) for people to come along and invest their money through them.
The monies were from people who have invested their money into One link Pacifica, the company owned by the accused.
Prosecution also said that between the period of December 2019 to March 2020, investors did not receive their money as promised. Within the period, CBSI warned public members about the operation of the schemed, that Dora did not apply for a licence under the FIA to engage in the business of banking in Solomon Islands.
On March 4, 2020 CBSI wrote to Dora as Director of One-Link to make available to CBSI record, books or accounts relating to the business for examination within seven working days pursuant to section 3(3) of the FIA. However, Dora did not provide detail documents or failed to comply such their bank account details, receipt books and accounts books.
Later on, March 27, 2020, CBSI informed Police that One-link Pacifica seem to be operating as a banking business, and does not comply with the Financial Institution Act.
Prosecution then alleged that Dora knowing his co-accused was arrested on April 4, 2020, went and hid at Russel Islands, Central Islands Province up until his arrest on June 1, 2021.