(Barbados Nation) Nearly Bds$1 million in gold has been seized and a representative of a cash-for-gold business is expected to appear in court shortly following a police raid last Friday.
According to police, Scott Goodman, a director of Barbados Gold Buyers, located in the James Fort Building, Hincks Street, Bridgetown, has been warned of intended prosecution under the Precious Metals And Second Hand Metals Act 2013.
He was warned that between February 25 and March 15 his company was engaged in the trade of precious metals without a licence.
The police executed a search warrant at the business place and removed the gold, along with documents. The 35-year-old Goodman, in his capacity as a director, was subsequently interviewed and warned.
A summons will be issued this week for a representative of the business to appear in court.
This is the second time that the police have exercised their powers under the act as they intensify their efforts to enforce the new law.