Doctor charged in alleged fraud ring

by

February 17, 2016

Managing director of the Medical Associates Hospital in St Andrew, Dr Michael Anthony Banbury, has been charged with fraud in an investigation reportedly involving several others.

Inspector Carey Laws from the Fraud Squad of the Counter Terrorism and Organised Crime Investigations Branch (C-TOC), told The Star that the medical practitioner was on Monday charged with two counts of conspiracy to defraud, forgery, and uttering forged documents.

He was reportedly charged after reporting to detectives. He was offered $500,000 bail.

The police said the doctor, who also operates a private practice at the hospital, and several others are being investigated for their role in a ring to defraud the institution through an alleged share transfer deal.

The police could not say when more arrests would be made, or how many board members are being investigated. The investigation reportedly started in August last year.

Banbury is scheduled to appear in the Corporate Area Resident Magistrate's Court on Wednesday, February 24.

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