Demerara Waves Online News- Guyana Riding on the Crest of Truth
Last Updated on Wednesday, 2 November 2016, 15:53 by Denis Chabrol
A former BK International clerk is now on GYD$250,000 bail for embezzling the company’s money.
It is alleged that between July 20 and September 13, 2016 Toteram Ramchand, being employed as a servant or clerk at BK Queries Inc., fraudulently embezzled the sum of GYD$28,571,235. The money was taken into possession by Ramchand for employer.
The 25-year-old pleaded not guilty to the charge when it was read to him by Chief Magistrate Ann McLennan.
He was placed on GYD$250,000 bail with the condition that he lodges his passport at Criminal Investigations Department (CID) Headquarters, Eve Leary and visit the Fraud Department there every other Friday, pending the outcome of the matter. The matter will be called again on December 5, 2016 for statements.