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JTA recovers almost $40 million of funds stolen by former employee

The Jamaica Teachers' Association (JTA) has recovered some of the funds that were stolen from it by a former employee. 
 
For more than six years, the Jamaica Teacher's Association (JTA) has been battling to recover the money defrauded by its former accounts clerk Marlon Francis. 
 
Francis and his cronies defrauded the assocation of more than $95 million. The discovery was made in 2013. 
 
At the JTA's annual general meeting in Montego Bay, St. James on Monday, the Association's leadership reported that last year it recovered three properties valued at almost $40 million.
 
One of the properties, located in Chancery Hall, St. Andrew, is valued at $25 million. 
 
The JTA said a house is on the property and it will be developed to become an income earner.
 
The other two properties - one in Coopers Hill, St. Andrew and the other in Twickenham Heights, St. Catherine - are valued at $7.5 million and $6 million, respectively. 
 
The Association is working with its lawyers to have them sold.
 
The JTA said it is determined to recover all the funds stolen.


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