A realtor was granted bail in the sum of $500,000 yesterday when he appeared before Magistrate Leron Daly at the Georgetown Magistrates Court on a fraud charge.
It is alleged that between April 15, 2021 and July 25, 2023 Mohamed Shadiek, 56, a director at SMS Realty and Development, obtained the sum of $26 million from Terrence Sobers with intent to defraud him by falsely pretending that he was in position to acquire plots of land.
Shadiek pleaded not guilty to the charge and his lawyer Dexter Todd asked that his client be placed on reasonable bail.
