A BUSINESSMAN who was wanted by the police, was on Thursday placed on $ 400,000 bail after he made his appearance at the Georgetown Magistrates’ Court charged with obtaining property upon a forged instrument. Clayton Allen, 56 of South Better Hope, East Coast Demerara, appeared before Chief Magistrate Ann McLennan where he denied the allegation when the charge was read to him.
The charge read that between December 2 to December 13, 2016, in Georgetown, with intent to defraud, he obtained from Jeetendra Ram of Fantasy Auto Sales six motorcars valued $26,300,000 under or by virtue of forged Republic Bank Ltd. managers cheque #GDAA 0108766 in favour of Fantasy Auto Sales.
Attorney- at –law Paul Fung- A –Fat told the court the virtual complainant has since received compensation in the sun of $645,000 and three cars were returned. However, in the facts presented, Police Prosecutor Deniro Jones stated that the two parties entered into an agreement of sales to purchase six motorcars from Ram’s company and he paid with a manger’s cheque. Jones added that when Ram tried to encash the cheque he realised that it was forged.
Prosecutor Jones did not object to bail but he asked that Allen be placed on substantial bail. Allen is expected to report to the Criminal Investigation Department fraud unit every Friday until the completion of the matter. The matter was adjourned until March 27.