Businessman found guilty of $10M simple larceny, fined $100K

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A North West District businessman was on Friday fined $100,000 by Chief Magistrate Ann McLennan after he was found guilty of a $10 million simple larceny charge.

Vickram Singh, 32, was found guilty of the charge after a lengthy trial in the Georgetown Magistrates’ Courts.

It was alleged that between February 1 and February 15, 2018, while in the vicinity of Republic Park, East Bank Demerara, he stole a wash plant (an equipment used for gold mining), valued $10 million property of Mario Ferreira.

According to the facts presented to the court on the day in question the businessman paid a truck driver to transport the said equipment which was parked in an empty lot next to the defendant who was out of town at the time.

Upon returning home, Ferreira noticed that the equipment was missing and without hesitation made several reports to the police station. Based on reports Ferreira was able to make contact with the truck diver that was allegedly paid some $200,000 to remove the wash plant.

According to him, the truck driver told him that he was contracted by Singh to transport the wash plant in his vehicle to Madia, NWD.

The businessman was subsequently arrested and charged.

Singh was also instructed to transport the equipment back to Georgetown and pay for any damages caused.

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