Kerron Clarke, founder of the Drugs Sou Sou (DSS), has been charged with two counts of money laundering contrary to section 45(1)(b) of the Proceeds of Crime Act.
A statement from the Police Service late yesterday said the decision to lay the charges followed advice received today from Director of Public Prosecutions (DPP) Roger Gaspard SC.
Clarke, a member of the Defence Force, will before a Port-of-Spain magistrate today.
Clarke was arrested last Saturday after police executed a search warrant at his home in La Horquetta.
Deputy Commissioner of Police, Mc Donald Jacob, said investigations are continuing into the seizure of $7.7 million in cash in La Horquetta several months ago.