A Palmiste businessman was granted $300,000 bail when he appeared in court charged with several fraud offences.

Victims reported handing over a total of $272,300 to a man, as down-payments for the importation, registration and delivery of various types of vehicles.

They later realised the man was never in a position to do so and efforts to have the money refunded were futile.

Following investigations, the Fraud Squad arrested and charged 29-year-old Eberneil Eron Bernard with Fraudulent Conversion in the sum of $175,000, Fraudulent Conversion in the sum of $75,000 and Larceny in the sum of $22,300.

He appeared in the Princes Town Magistrates’ Court yesterday, with the matter postponed to October 15th 2024.