Cummings Lodge man charged with $800,000 fraud

A Cummings Lodge man was charged last Friday with the fraudulent conversion of over $800,000, which he was entrusted to place into the account of another man.

Kevin Singh, 35, of 172 First Street, Cummings Lodge, East Coast Demerara, was faced with two charges when he appeared before Magistrate Leron Daly in Georgetown.

It was alleged that on March 24th, in Georgetown, having received $600,000 for the account of Richard Singh, he fraudulently converted the said sum to his own use and benefit.

It was also alleged that on April 23rd, in Georgetown, having received $240,000 for the account of Richard Singh, he fraudulently converted the said sum for his own use and benefit.

Singh pleaded not guilty to the charges after they were read to him by Magistrate Daly.

Police Prosecutor Sanj Singh, who had no objections to the accused being granted bail, noted that the investigation was still incomplete. As a result, Singh was subsequently granted bail of $100,000 on each charge and the proceedings were adjourned until July 4th.

Around the Web

Comments