Man defrauded Demerara Bank of $6.5M -court hears

A man yesterday was accused of obtaining $6.5M from Demerara Bank Limited by false pretence and was admitted to bail in the sum of $700,000 by Magistrate Hazel Octave-Hamilton.

The allegation against Travis Ward, 23, is that on April 21, at Georgetown, with intent to defraud, he obtained the sum of $2.1M from Demerara Bank Limited, by falsely pretending that he was entitled to the said sum from Alfro Alphonso and Sons Limited.

Further, on June 20, Ward is alleged to have obtained $4.4M allegedly by the said means.

The defendant, who resides at 148 Essequibo Street, Lamaha Springs, Georgetown, was not required to plead to the indictable charges when they were read to him at the Georgetown Magistrates’ Court.

The attorney, who represented the accused, made an application for his client to be admitted to reasonable bail on the grounds that he had no antecedents, posed no risk of flight and had been cooperating with police investigations.

The lawyer said that according to his instructions, his client was cuffed by police in his head and back. Counsel said too that Ward was also beaten by the virtual complainant’s relatives.

The prosecution had no objection to the accused being granted bail but requested that it be in a substantial sum, considering the amount allegedly stolen. Police sergeant Lionel Harvey also made an application for the accused to report to the Criminal Investigation Department, Eve Leary every Wednesday at 9:00 am.

Ward was admitted to bail in the sum of $350,000 for each charge. The matters were transferred to Court One for October 18.

No facts of what transpired on the respective days were given.

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