… or serve 18 months in jail

AN interior businessman was on Friday fined $100,000 after being found guilty by Chief Magistrate Ann McLennan for a $10M simple larceny charge.

Vickram Singh, 32, after trial was found guilty of the charge which read that between February 1, 2018 and February 15, 2018 at King Street, Republic Park, East Bank Demerara, he stole a wash plant(a wash plant is a piece of equipment used for gold mining), valued $10 million property of Mario Ferreira.

According to the facts presented to the court by Police Prosecutor Neville Jeffers, Singh had paid a truck driver $200,000 to uplift and transport the $10M in equipment which was parked in an empty lot next to Ferreira.

Ferreira, who was in the interior at the time of the incident, returned home on February 15 and noticed his wash plant was missing. Ferreira made a report to the police station and based upon his own investigation was able to get the truck driver who removed the wash plant.

The truck driver told him that he was paid by Singh to transport the wash plant in his vehicle to Mahdia. On February 19, Singh was arrested by police at the Sherima Crossing, Essequibo River.

Singh was fined $100,000 or he will have to spend 18 months in jail. He was ordered to repay Ferreira for the damage caused to his wash plant and to transport it back to Georgetown.