PRINCIPAL Magistrate Faith McGusty on Wednesday at the Georgetown Magistrates’ Court, placed a 30-year-old man on $100,000 bail.

Joseph Garraway of Hadfield Street, Lodge, denied that during the month of June 2015, at Oronoque street, Georgetown, while being solely entrusted by Clairmont Cummings with a quantity of Mercedes Benz car parts valued at $1.17M, to sell and return the proceeds, he fraudulently converted the proceeds to his own use and benefit.

Attorney-at-law George Thomas, who represented Garraway, made an application for bail on the grounds that a third party was involved in the transaction and the third party was supposed to hand over the money to Cummings but failed to do so.

Prosecutor Annalisa Brummel strongly opposed Garraway being released on bail, citing the large amount of money involved.

Magistrate McGusty overruled Brummel’s objection and released Garraway on $100,000 bail. The matter was adjourned until February 13, 2019.