$350,000 bail for Taxi Driver accused of $1.1M fraud

[www.inewsguyana.com] – Magistrate Fabayo Azore ordered 34 – year-old Taxi driver, Stayanand Persaud of Diamond Housing Scheme, East Bank Demerara, to pay $350,000 in bail following a fraud charge.

Persaud pleaded not guilty to the offence, which alleged that with intent to defraud and by falsely pretending that he was in position to sell, he falsely obtained the sum of $ 1.1M from Paul Ramsarran between Saturday September 1, 2012 and Thursday January 31, 2013 at Forshaw Street, Queenstown, Georgetown.

Police Prosecutor, Deneashwar Maindranauth told the Court that the defendant took the virtual complainant’s money and pretended to be in position to sell the motor vehicle and never delivered the car. He indicated that Persaud was in a relationship with Ramsarran’s sister.

The Prosecutor objected to the pre-trial liberty of the defendant citing the seriousness and prevalence of the offence. He added that since the crime was committed Police made efforts on several occasions to contact Persaud at the Forshaw address.

Attorney- at – Law, Keavon Bess represented the accused and told the Court that his client turned himself over to the Police. Bail was granted and the matter is set for report on February 28.