Sascha Wil­son 

Se­nior Re­porter 

sascha.wil­son@guardian.co.tt

A woman who signed as a guar­an­tor on a loan for an ex-boyfriend who is now in jail is be­ing sued for $125,000 af­ter the en­tire loan was not re­paid.

When the mat­ter came up yes­ter­day be­fore Jus­tice Frank Seep­er­sad, the par­ties were giv­en di­rec­tions re­gard­ing fil­ing cer­tain doc­u­ments and it was ad­journed to Feb­ru­ary 19.

Through his at­tor­ney Ab­del Mo­hammed, Ger­ard Tang Foon filed a law­suit against Sharmi­la Ram­roop who owns a den­tal prac­tice for breach of con­tract and $125,004.

In his af­fi­davit, Tang Foon said on June 29, 2021, he en­tered in­to an In­vest­ment Agree­ment with Farand De­o­nanan, the bor­row­er, and Ram­roop as the guar­an­tor.

He claimed they agreed that he would pro­vide $250,000 to De­o­nanan for Pack­age Taxi Ltd, for which De­o­nanan and Ram­roop were di­rec­tors.

Ram­roop, he said, had of­fered to stand as se­cu­ri­ty and in­dem­ni­ty for the mon­ey for the du­ra­tion of the four-year agree­ment.

How­ev­er, he said De­o­nanan on­ly made part-pay­ments to­talling  $124,996 but failed to re­pay the full amount of $250,000.

As a re­sult of de­fault­ing on the re­pay­ment of the bal­ance of $125,004, he said Ram­roop be­ing the guar­an­tor was ob­lig­at­ed to pay him. Tang Foon stat­ed he found out that De­o­nanan was sen­tenced to two years in jail for a fraud-re­lat­ed of­fence. He fur­ther claimed that De­o­nanan’s com­pa­ny ap­peared to be a shelf com­pa­ny.

In her de­fence, Ram­roop who owns a den­tal prac­tice, said De­o­nanan owned the com­pa­ny and though she was named a di­rec­tor, she had no in­volve­ment in any as­pect of the busi­ness. 

At the time of the trans­ac­tion, she said she was in the lat­er stages of her third trimester and was not ful­ly aware as the preg­nan­cy was tak­ing a toll on her. 

She said De­o­nanan told her that he had met Tang Foon who was in­ter­est­ed in in­vest­ing in the com­pa­ny, and he need­ed a sec­ond per­son to sign for the trans­ac­tion to be com­plet­ed.

In her af­fi­davit, she said he told her the busi­ness was tak­ing the mon­ey so it was the busi­ness that would pay back the mon­ey.

She said she was un­aware that she was sign­ing a doc­u­ment that made her a guar­an­tor. 

Ram­roop said she on­ly be­came aware that she signed as a guar­an­tor when the claimant al­leged­ly tried to force her to re­pay the loan.   She said she nev­er col­lect­ed any mon­ey from the arrange­ment. 

Tang Foon is be­ing rep­re­sent­ed by at­tor­ney Ab­del Mo­hammed while at­tor­ney Robin Ra­moutar is seek­ing Ram­roop’s in­ter­est.