BY JENNIFER KUSAPA
THE man alleged to be the owner of One-Link Pacifica Charles Dora will appear again in court on June 16 for mention.
His case was mentioned in court yesterday before Principal Magistrate Felix Hollison, and since the defence is yet to receive full disclosures on the matter, an adjournment was granted to allow time for defence to obtain instruction.
Defence also proposed a bail application to be made on the next court appearance.
Meanwhile Public Prosecution said two statements are yet to be obtained by investigators, the outstanding statements are from the Central Bank of Solomon Islands.
Mr Dora is facing two charges under the financial institution act 1998.
Prosecution said on July 4, 2019, One-Link Pacifica (OLP) 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, 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.
OLP 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 the promise there will be a 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.
Prosecution alleged that Dora collects deposits from mentors by way of online deposits. Huge number of public members invested their money through his agencies, which totaled up to $56,440,475. This money reportedly were went missing and has not been recovered since.
The monies were from people who invested their money into One Link, 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 One Link Director 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.
Later on March 27, 2020, CBSI informed Police that One Link seemed to be operating as a banking business, and did 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 in the Russel Islands, Central Islands Province, up until his arrest on June 1, 2021.