– attorney says client sickly and needs medical attention

AFTER almost two weeks on remand, the Chairman of Micro Business Developers and Consultant Incorporated, Clinton Alleyne, was on Friday released on $700,000 bail by Chief Magistrate Ann McLennan.
Alleyne, 56, of South Better Hope, East Coast Demerara, was granted bail on four fraud-related charges totalling over $27.9M.

The chairman’s lawyer, Paul Fung-a-Fat, in an application for bail told the court that his client is sickly and could not seek proper medical attention while imprisoned.
As such, with no objection by police prosecutor Arwin Moore, bail was granted the accused to the tune of $700,000 and the matter was adjourned to June 22.
The charges were first read to Alleyne on April 26 before the chief magistrate and he was remanded to prison after denying the charges during that appearance.
The charges allege that Alleyne, between January 31 and February 8, at Sherriff Street, Georgetown, with intent to defraud, obtained the sum of $516,000 from Samuel Manoo by pretending that he was in a position to grant him a $4M loan.

It was further alleged that Alleyne, between November 3, 2016 and December 29, 2016 at Sherriff Street, Georgetown, with intent to defraud, obtained the sum of $700,000 from Lorelai Lalchan by pretending that he was in a position to grant a $5M loan to him.
Lastly, it is alleged that Alleyne, between November 4, 2016 and December 9, 2016 at Sherriff Street, Georgetown, with intent to defraud, obtained the sum of $415,000 from Lorelai Lalchan by falsely pretending that he was in a position to grant a $3.4M loan to him.
Alleyne was released on $100,000 bail on each of the three charges.

He was released on $400,000 bail on the charge which alleged that between December 2 and December 13, 2016, at Georgetown, with intent to defraud, Alleyne obtained from Jeetendra Ram, of Fantasy Auto Spares, six motor cars valued at $26.3 M. Alleyne paid for the vehicles using a forged Republic Bank manager’s cheque.

It is alleged that Micro Business Developers and Consultant Incorporated would lure persons by stating that it is a mone- lending institution, which requires persons to make a down payment or percentage of the money they are desirous of acquiring.
The victims are issued a receipt when handing over their down payment and would be asked to return later for their loans.
However, upon their return, they are given “bounced” cheques.