$4M bail for bank fraud accused
Two men who appeared before a Port-of-Spain magistrate on Monday charged with defrauding Republic Bank at Park Street, Port-of-Spain, of more than $3.5 million, were yesterday granted bail in the sum of $2 million each. Sitting in the Port-of-Spain First Court, Magistrate Ejenny Espinet told attorneys representing accused Kurt Dass and Daneshwar Deolall that the bail sum had two sureties attached to it which had to be covered by $2 million each, which resulted in a four million bail sum for both men. Dass, a 31-year-old taxi driver from Chaguanas, and Deolall of Marabella, are both charged with allegedly uttering a false cheque at the bank on September 14. When the matter was called yesterday, tracings for both men revealed that Dass had five court matters pending, including a charge for possession of a false Priority Bus Route pass. Deolall had a clean record. "After much consideration, I am granting bail with two sureties in the sum of $2 million to both the accused, to be approved by a Clerk of the Peace. Conditions are attached however. "For Mr Dass, you will visit the Chaguanas Police Station every Wednesday between the hours of one and five pm. The same goes for Mr Deolall, who will visit the Marabella Police Station every Wednesday between the same hours," the magistrate said. Both accused men will reappear in court on November 3.
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"$4M bail for bank fraud accused"