A TAXI driver was released on $150,000 bail on Thursday by City Magistrate, Leron Daly on a fraud charge.

O’Neil Simon, 31, of Cummings Park, Sophia denied that on April 3, 2017 at Georgetown, being the bailey of Toyota Corolla, HC 5044 valued $1.4M entrusted to him by Sukdai Ramsammy, he fraudulently converted same to his own use and benefit.

The unrepresented man told the court that the vehicle is currently lodged at the East La Penitence police station. According to Police Prosecutor, Preston John, the accused was entrusted by 72-year-old Sukdai Ramsammy with the said motor car to operate and return $15,000 in cash weekly.

However, when the woman tried to get in contact with the accused, he did not answer his phone and did not return with the woman’s car or money. The matter was reported to the police and Simon was later arrested.

The prosecution made no objection to bail since the file is still incomplete. The Magistrate released Simon on $150,000 bail and adjourned the matter until June 26, 2017.