Woman convicted of $48M fraud granted High Court bail

CANDACE Marshall of North Ruimveldt, Georgetown, sentenced to four years’ imprisonment for converting more than $48M in credit from Digicel (Telecom Solutions (Guyana) Inc), was on December 7th granted $500,000 bail by Justice Roxane George following the lodging of an appeal and a successful petition made by Attorney-at-law Kim Kyte.

Justice George ordered that the bail can be paid in cash or surety, and Marshall is expected to report to the Brickdam Police Station every other week on Friday at 17:30 hrs. Her failure to comply with the order would result in her immediate arrest and return to custody.

Candace Marshall, Melissa Naughton and Oladara Christian were, in 2011, charged with fraudulently converting more than $48M in credit from Telecom Solutions (Guyana) Inc. They were each sentenced to four years’ imprisonment by Georgetown Magistrate Leron Daly in October this year, after being found guilty of conspiring with other persons to embezzle in excess of $48M in credit from the company. The women were all employed with the company.

Naughton and Christian were employed as cashiers, and were responsible for selling large amounts of Digicel credit via a computerised system. The women invalidated several transactions which were written off, after which they revalidated the transactions and sold them to persons to receive the proceeds for themselves.

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