A Point Fortin businessman was granted $1.5 million and $200,000 bail after appearing before two Magistrates today charged with seven counts of fraud.
36-year-old Raymond Morris was charged with four counts of fraudulent conversion in sums totalling more then $1.2 million, and three counts of obtaining property by use of dishonoured cheques in sums totalling $10,920.30.
He first appeared before San Fernando Magistrate Armina Deonarinesingh who granted $200,000 bail and ordered him to report to the San Fernando Police Station every Monday between 10 am and 3 pm.
The matter was postponed to July 7th.
He then appeared before Point Fortin Magistrate Alica Chankar, who granted $1.5 million bail, ordered his passport be surrendered and that he report to the Point Fortin Police Station every Thursday at 9am.
The matter was then postponed to July 8th 2021.
The accused was arrested on June 7th following reports of fraudulent conversion and obtaining property using a dishonoured cheque against several persons between the period 2016 and 2020.