Jacho Entertainment said yesterday it conducted all foreign currency transactions related to the Vybz Kartel concert “through legal, regulated, and verifiable financial channels”.

“At no time did Jacho Entertainment engage in any form of unauthorised or black-market currency exchange,” a release from the company stated.

Jacho denied any wrongdoing in connection with its use of foreign exchange to finance the One Caribbean Music Festival, and says it welcomes any transparent review of its actions within the remit of the law.