Glenroy Joyce, the former clerk who was charged earlier this year with embezzling $2.6 million from John Fernandes Limited, had the criminal complaint against him discharged yesterday after the court learnt that there was an agreement to repay the funds.
The charge against Joyce, 34, of Lot 39 Public Road Vergenoegen, East Bank Essequibo, stated that between the months of July, 2017 and August, 2017, at Mandela Avenue, while employed as a clerk/servant at John Fernandes Limited, he fraudulently embezzled the sum of $2,650,000, taken into possession by himself for, in the name of, or on account of the company.
When he first appeared before a city court to answer to the charge, he denied the allegation.
During a hearing before Chief Magistrate Ann McLennan yesterday, the court heard from the company’s Operations Director and the Human Resources Manager, who both testified to the company’s desire not to proceed with the matter.
According to the Human Resources Manager, the matter is no longer being pursued since Joyce would have entered into an agreement with the company to repay the funds.
The Chief Magistrate subsequently discharged the matter against Joyce but placed him on a bond to keep the peace for 12 months, failing which he would be liable to a sentence of eight weeks in jail. He was also ordered to pay $10,000 in court costs.