CHIEF Magistrate Ann McLennan on Wednesday released a 45-year-old businessman on $100,000 bail after he was charged with three counts of fraudulent conversion.It is alleged that Myran Maraj of De Abreu Street, Kitty, on August 15, 2016,being solely entrusted by Rorry Forde with $130,000, to spray a super bike, fraudulently converted same to his own use and benefit.
It is further alleged that between February 2 and 15, 2017 at Georgetown, being solely entrusted by Forde with $207,000, to purchase biker gloves, boots and jackets, he fraudulently converted same to his own use and benefit.
Lastly, on February 6, at Georgetown, Maraj, being solely entrusted by Forde with $7.8M to purchase a Toyota Tacoma, he fraudulently converted the money to his own use and benefit. He denied the charges.
Police Prosecutor Deniro Jones told the court that the parties are known to each other. Jones said that the virtual complainant gave the money to the defendant to purchase the items. According to Jones, the defendant never bought the items and the complainant made a report to the police.
The Chief Magistrate released the businessman on bail and ordered that he lodge his passport at the courts. He will make another court appearance on March 15 for reports and statements.