BV man denies misappropriating proceeds from $2M fuel sale

A fuel supplier was yesterday granted bail by a city magistrate after denying fraudulently converting over $2 million in fuel.

Chief Magistrate Ann McLennan read the charge to Mark Anthony October. It is alleged that on September, 2016, at Port Kaituma, having received 106 drums of diesel fuel from Julian Thomas on account of Bharat Bissoon in order that he may process same and place the proceeds into Bissoon’s bank account, he fraudulently converted same.

October, 27, of 23 Quamina Road, Beterverwagting, denied the charge.

According to October’s attorney, his client has sold fuel for the complainant on several occasions. He noted that October does owe money for the fuel he would have sold, but the matter is not one of fraud but rather one whereby he is yet to receive the money for the fuel.

Additionally, the court heard that the defendant has sent letters to persons who owe him funds for the fuel.

Police prosecutor Deniro Jones made no objection to bail.

Subsequently, October was granted $200,000 bail by the Chief Magistrate, who adjourned the matter until May 9 when it will be called at the Matthews Ridge Magistrate’s Court.