A woman has been granted $6 million in bail, after appearing in court in connection with a multi-million dollar fraudulent cheque scheme.
She has also been ordered to surrender her passport pending the outcome of court proceedings.
Jackqui Watson was charged following an investigation by the Fraud Squad and the Special Investigations Unit into the deposit of a purported TT$20 million government cheque into an account held by a company at a commercial bank.
The cheque, which appeared to have been issued by the Central Bank, was later determined to be fake.
Before the discrepancy was discovered, more than TT$18 million had reportedly been withdrawn or otherwise disposed of from the account.
Watson was subsequently charged with one count of Obtaining Money by False Pretence and one count of Money Laundering.
She appeared before Master Abraham on June 22nd, with a Status Hearing now set for November 5th, and a Sufficiency Hearing scheduled for November 10th.
