TELEVISION and radio personality Stan Gouveia, 34, of Lot 416 Cane View Avenue, South Ruimveldt, Georgetown, has been charged with fraudulent embezzlement.

He appeared before Acting Chief Magistrate Melissa Robertson-Ogle yesterday and pleaded not guilty to having, between October 1 and December 31, 2008, being a clerk or servant of Commodity Store, fraudulently embezzled $56,000.

Defence Counsel Paul Fung-a-Fat, in a successful bail application, said Gouveia is also the Executive Promoter of Fidelity Inc and has signed a document to settle the matter which involves $134,000.

The lawyer explained that Commodity Store is a subsidiary for Fidelity, to which Gouveia owes the money.

Gouveia was ordered to post $70,000 surety until March 31.