Police have confirmed the arrest of a prominent businessman after a search warrant was executed at his home in Westmoorings and a location in Trincity.
A media release from the TTPS said the man was held in connection with an ongoing investigation, but did not disclose any details of the investigation.
Police insisted the search warrants were lawfully issued, adding that officers acted strictly within the parameters of the law, and with full regard for the rights and reputational interests of all persons involved.
The release stated during the execution of the warrants, the man and his wife were detained and are currently assisting investigators with enquiries.
The TTPS said no charges have been laid and emphasised that the execution of a warrant is a standard investigative procedure and does not constitute a finding of wrongdoing.
The police also warned the public about drawing conclusions until investigations are completed and any evidence is properly assessed in accordance with due process.
It added the police service remains committed to conducting all investigations with professionalism, fairness, and respect for the rule of law.