Nicasha Edwards, the former Finsac (Financial Sector Adjustment Company) employee who allegedly swindled several millions of dollars from the state-run entity, was refused permission to travel to the United States when she appeared in the Half-Way-Tree Resident Magistrate's Court yesterday.

Edwards' had sought permission, through her lawyer Oraine Nelson, to have her bail condition varied so she could be with her ill brother in Florida, who is scheduled to undergo an operation.

However, Senior Magistrate Glen Brown promptly refused the application, saying that the reason was not sufficient.
Edwards, a former accountant with Finsac, was arrested last year following investigations into the disappearance of more than $20 million from the entity.

It is alleged that between 2005 and June 2007, Edwards stole blank cheques, forged the signatures of signing officers at Finsac, falsified accounts and payment vouchers and pocketed $26 million.

She allegedly used a portion of the funds to purchase a posh St Andrew apartment and a luxury vehicle. Her assets were frozen by the government following her arrest last year.
Edwards, 27, is to return to court on September 29 to explain how she plans to make restitution to Finsac.

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