Ex-Republic Bank clerk charged with $500,000 fraud

A former Republic Bank clerk was yesterday charged in a city court with misappropriating $500,000 that she was supposed to transfer to another bank.

The charge against Stacey Moffatt, of 38 Shell Road, Kitty, states that in the month of July, 2015, in Georgetown, while employed as a clerk or servant at Republic Bank, she received $500,000 from Ivan Bazilio in order that she may wire transfer the funds to the University of the Southern Caribbean’s Scotiabank account in Trinidad but fraudulently converted it to her own use.

Stacey Moffatt

Moffat, a 28-year-old mother of one who is currently employed at Johnny Rockets, denied the charge after it was read by Magistrate Leron Daly.

After no objection to bail from Police Prosecutor Bharat Mangru, Magistrate Daly set bail at $150,000 and adjourned the case until April 28th.


Sri Lankan justice minister sacked over criticism of Chinese port deal

Wijeyadasa Rajapakshe   COLOMBO, (Reuters) – Sri Lankan President Maithripala Sirisena today sacked the justice minister over his criticism of a $1.1 billion deal, signed last month, to lease a port to a Chinese company, the cabinet spokesman said.

Harvard researchers say Exxon misled public on climate science

NEW YORK,  (Reuters) – Two Harvard University researchers said in a study published today they had collected scientific data proving Exxon Mobil Corp made “explicit factual misrepresentations” in newspaper ads it purchased to convey its views on the oil industry and climate science.

GBTI half year profit at $603m, down from $961m last year

  In the wake of rising bad loans and a massive alleged fraud against it this year, the Guyana Bank for Trade and Industry (GBTI) has posted an unaudited net after tax profit of $603m for the first six months of this year compared to $961m in the same period for 2016.

SVN student tops CAPE

Vamanadev Hiralall, of the privately-run Saraswati Vidya Niketan (SVN), is the country’s top performer at this year’s Caribbean Advanced Proficiency Examinations (CAPE) after achieving an accumulated 13 grade one and 3 grade two passes.

By ,

Top CSEC students say number of subjects increases options, tests limits

Twenty-six students in the top one percent of the 12,684 who sat this year’s Caribbean Secondary Education Certification (CSEC) examinations earned 12 or more Grade I passes, with half of them, including the top performer, coming from Queen’s College (QC).

By ,

Your browser is out-of-date!

Update your browser to view this website correctly.

We built stabroeknews.com using new technology. This makes our website faster, more feature rich and easier to use for 95% of our readers.
Unfortunately, your browser does not support some of these technologies. Click the button below and choose a modern browser to receive our intended user experience.

Update my browser now