President of local Lumber Company charged with Fraud

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Jagdesh Mangal. [iNews' Photo]
Jagdesh Mangal. [iNews’ Photo]
[www.inewsguyana.com] – President of Emerald Forest Inc, 27 – year – old Jagdesh Mangal was today placed on $150,000 bail on two counts of fraudulent convergent charges.

Mangal of Belmont, Mahaica, pleaded not guilty to both charges before Magistrate Ann McLennan.

The first charge alleged that on November 22 at Lot 155 Kubari Street, Ituni, Upper Demerara River, being solely entrusted by Charlotte Wilson with the sum of $280,000 to purchase one M931- A1 transformer case for a motor lorry, he converted the said cash to his own use and benefits.

Particulars of the other charge stated that on November 12 at Robb Street, Georgetown, also being solely entrusted by Charlotte Wilson with the sum of $400,000, he converted to his own use and benefits.

Representing Mangal was Attorney, Mohamed Zafar, who informed the Court that Mangal has cooperated with the police throughout the investigation\ and strongly denied the allegations against him.

Police Prosecutor Dinero Jones did not opposed bail. As it relates to the offence allegedly committed in Ituni, the case was transferred to the Kwakwani Magistrate’s Court for January 16, while the November 12 offence will be heard before Magistrate Judy Latchman on January 08, 2015.

Mangal was ordered to post $75,000 surety on each charge.

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