NBS fraud case…
Says Special Prosecutor
SPECIAL Prosecutor in the multi-million-dollar New Building Society (NBS) fraud case, attorney-at-law Mr. Hukumchand said, last Friday, that the Director of Public Prosecutions (DPP) may be forced to take a certain course of action by the next Court date, July 21.

He gave the indication when four of the accused made another appearance before Magistrate Nyasha Williams-Hatmin.

The lawyer informed that the virtual complainant, Bibi Khan has left the jurisdiction and the Prosecution seems to have no way of contacting her.

Those who were in Court, on that occasion, are ex-employees Imran Bacchus, Kissoon Baldeo, Kent Vincent and businessman Mohan Ram Shahebudin.

Also charged are Maurice Arjoon, Ashley Legall and Amrita Prashad.

Arjoon, of Lot 1-2 La Fleur Road, Eccles, East Bank Demerara; Vincent, of Lot 1247 Canje Pheasant Lane, South Ruimveldt, Georgetown and Baldeo, of Lot 86 Zeeburg, West Coast Demerara, face different charges.

It is alleged that, on November 1, 2006, Arjoon and Vincent conspired with other persons to withdraw $15M from Khan’s NBS ‘Save and Prosper’ account, with two cheques, one, for $10,225,000, in the name of M. Kryshun Dayal and another, for $4,775,000, drawn for Compton Chase.

Particulars of another charge said, on November 17, 2006, Kissoon and Vincent conspired together with others to withdraw $22.6M from the same ‘Save and Prosper’ account, with two cheques, one, for $20.5M, made out to M. Hussein and the other, for $2,164,000, to Chase.

On November 17, 2006, as well, Kissoon and Vincent were allegedly involved in a conspiracy with others to take $20.5M from the Khan account, with two more cheques, one, for $10.2M, to Hussein and another, for $10.3M, to Danniram.

Arjoon and Vincent are on a joint charge alleging that, on December 8, 2006, they conspired with each other to effect a withdrawal of $32,230,384 from the Khan account, with two cheques, one, for $14,430,384, to G. Ramoutar and the other, for $17.8M, to Danniram.

Legall, Bacchus, Prashad and Shahebudin are jointly charged with having, on November 1, 2006, conspired together and with others to withdraw $22.6M from the Khan account, with two cheques, one, for $20.5M, to Hussein and the other, for $2,164,000, to Chase.

Legall, Bacchus and Shahebudin are also charged with having, on November 20, 2006, conspired together and with others to withdraw $20.5M from the Khan account, with two cheques, one, for $10.2M, to Hussein and the other for $10.3M to Danniram.

Another accusation, against Legall, Bacchus and Shahebudin, said the trio, with Arjoon and Vincent, on November 8, 2006, conspired with each other to withdraw $32,230,384 from the Khan account, with two cheques, one for $14,430,384 to Ramoutar and another for $17.8M to Danniram.