East Coast Demerara Auto Dealer, Kamal Maraj, made his first appearance in the Georgetown Magistrates’ Court, this morning and was charged for fraudulently converting a Toyota Tacoma vehicle into his own use.
The 30-year-old man stood before Principal Magistrate, Judy Latchman, and entered a plea of not guilty after the charge was read to him.
The Court was told that between the 20th and the 22nd December 2017 at Thomas Street, Kitty, the man was solely entrusted with one Toyota Tacoma vehicle worth $5 Million by the owner, Kristnauth Ramdin.
The arrangement was for him to keep the vehicle safe until a purchaser was found. However, it is alleged that he converted the vehicle to his own use and benefits.
The Attorney representing the businessman asked for bail in a reasonable sum and in the same breath further stated that the two sides are in talks in order to finalize some sort of settlement.
The virtual complainant confirmed that such talks were ongoing. He said the businessman had given him him $1.5 million in cash along with a car so that they could settle the case. However, it was later discovered that the car was actually owned by a local commercial bank.
The Police Prosecutor had no objections to bail, but however requested that the auto dealer reports to the Police Station in his area periodically.
The accused was released on $100,000 bail and ordered to return to Court on January 29.