By Jonique Gaynor, Staff Reporter

Several confused and disgruntled Cash Plus investors stormed the company's Premier Plaza office yesterday.

At 1 p.m., a large crowd surrounded the entrance and several men were seen climbing the wall and peering through the glass. The door to the office was closed.

Several persons told THE STAR they came to the office to collect cheques but added that many investors became cautious since rumours about an imminent collapse emerged. Some persons revealed they wanted to collect as much of their money as they could.

"Mi deh here from about 10:30," a man who gave his name as Ray said, "an mi still nuh talk to nobody reputable yet." He said he was aware some commercial banks were refusing to honour cheques drawn on the Cash Plus account and suggested this was why so many persons had become nervous.

One man said he was there to withdraw all the money he could. He said he went to the office in the Island Life Mall and was met with similar confusion.

Not everyone was in a hurry to withdraw their money, however, as one woman said, "My money is there and I'm not worried about it because you know from the beginning that it is risky. I am not going to pop down the place."

In a memorandum issued to clients, the management of Cash Plus attempted to explain the circumstances behind the troubles. "Although we only lodge managers cheques to our account from which we prepare bank lists, we have been experiencing undue delays in the banks posting the bank list in a timely fashion. As a result of the banks not clearing our funds in a timely manner, some of our clients' monthly consideration are not posted on time, and in some instances our clients' cheques are referred to us."

They also apologised for "any inconvenience caused" and promised that such a situation would not recur.