A Palmiste man was granted $300,000 bail with surety when he appeared before a magistrate on Tuesday charged with fraud.
A release from the TTPS yesterday said Eberneil Eron Bernard, 29, a businessman, of Plum Street, was charged with fraudulent conversion in the sum of $175,000, fraudulent conversion of $75,000 and larceny of $22,300 when he appeared in the Princes Town Magistrates’ Court on Tuesday.
The TTPS said Bernard was granted bail and the matter was adjourned to October 15.
As part of the conditions of bail, he is required to report to the San Fernando Police Station two days per week. Police said several people claimed that they handed over sums totalling $272,300 to a man known to them, representing downpayments for the importation, registration and delivery of various types of vehicles. They subsequently realised the man was never in a position to do so and all efforts to have the monies refunded failed.
Investigations were launched by officers of the Fraud Squad and on September, 13 an exercise was coordinated by W/Snr Supt Phillips and ASP Bisnath. It was supervised by Insp Bachoo and included Sgt (Ag) Lewis, Cpl Ramdial and PCs Sooroojpaul and Ali, all of Fraud Squad, San Fernando Office.
The exercise resulted in the arrest of one suspect in connection with the matter.
Bernard was charged with the offences on Tuesday by PCs Jemmet and Sooroojpaul, of the Fraud Squad South Office before he was taken to court.