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Jacko Entertainment Ltd, promoter of the One Caribbean Music Festival, has denied any wrongdoing in its handling of foreign exchange transitions.

On June 4, the company issued a statement saying it was in response to recent public commentary and media reports regarding the financing of the now-controversial festival, which was held on May 31, at the Queen’s Park Savannah in Port of Spain.

“Jacko Entertainment, as a fully registered and law-abiding entertainment promotion company, conducted all foreign exchange transactions for the One Caribbean Music Festival through legal, regulated, and verifiable financial channels,” the statement said.