Miner on $10M fraudulent conversion charge granted $150,000 bail

A gold miner was yesterday placed on $150,000 bail by a city magistrate after he was accused of fraudulently converting his business partner’s jewellery to his own use and benefit.

The courtroom of    Chief Magistrate Ann McLennan, heard that between August 1, 2016 and February 17, 2017, at Eccles, East Bank Demerara, Anirudh Persaud, 55, of 173 Eccles Housing Scheme, after being solely entrusted by David Sugrim with a pearl set, two platinum chains with diamonds and other items, totaling $10,300,000 in order that he may keep same and return to Sugrim, fraudulently converted the