Welder accused of $23M fraud granted bail

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Mohammed Feroze Ali
Mohammed Feroze Ali

[www.inewsguyana.com] – A 29 – year – old Welder accused of obtaining over $23M by false pretense was on granted $150,000 by Chief Magistrate Priya Sewnarine- Beharry.

Mohammed Feroze Ali of Lot 35 Lusignan, East Coast Demerara, pleaded not guilty to the charge which alleged that between March 1 and 31, 2013 in Georgetown, with intent to defraud he obtained the sum of $23,496,800 from Ashrad Ali, by pretending that he was in position to construct a 900 X 25 feet iron shed, knowing same to be false .

Ali’s Lawyer told the court that his client was placed on $20,000 station bail and is not a flight risk. Police Prosecutor Bharrat Mangru did not object to bail and the matter was adjourned to April 24.

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