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Ja­cho En­ter­tain­ment, the en­ter­tain­ment pro­mo­tion com­pa­ny of the One Caribbean Mu­sic Fes­ti­val, says it con­duct­ed all for­eign ex­change trans­ac­tions for the con­cert through “le­gal, reg­u­lat­ed, and ver­i­fi­able fi­nan­cial chan­nels.”

In a state­ment on Wednes­day, the com­pa­ny is­sued a state­ment, say­ing, “At no time did Ja­cho En­ter­tain­ment en­gage in any form of unau­tho­rized or black-mar­ket cur­ren­cy ex­change.”

It comes as the Act­ing Com­mis­sion­er of Po­lice, Ju­nior Ben­jamin, con­firmed that the Fi­nan­cial In­ves­ti­ga­tions Branch (FIB) is prob­ing the source, method, and tim­ing of the US$950,000 pay­ment made to Adid­ja “Vy­bz Kar­tel” Palmer by a lo­cal pro­mot­er to ap­pear at last Sat­ur­day’s One Caribbean Mu­sic Fes­ti­val.