[www.inewsguyana.com] – A clothing vendor was on Friday placed on $50,000 bail by Magistrate Ann McLennan on a fraudulent conversion charge.
Tony Ramnarine, 34, of Lusignan, East Coast Demerara pleaded not guilty to the charge which alleged that during the month of August at Water Street, Georgetown while being solely entrusted by Komal Chand with a quantity of body washes and clothing valued in excess of $200,000, he fraudulently converted same to his own uses and benefit.
He pleaded not guilty to the charge which also alleged that between Wednesday, April 1 and September 14 at Georgetown while being solely entrusted by Renita Perry with a quantity of gift sets valued in excess of $100,000, he fraudulently converted same to his own uses and benefit.
According to the prosecution’s facts, the accused lives with his elderly mother who is a cancer victim.
He further related that due to the slowdown of the economy recently, he was unable to sell the items and return the money.
He requested adequate time to do such. He was released on $25,000 bail on each charge. The matter was adjourned to October 9.