A businessman was granted bail when he appeared before the Chief Magistrate, Ann McLennan in the Georgetown Magistrates’ Court this morning, facing six counts of fraud to the tune of $953 million.
Saddiqi “Bobby” Rasul, a Gold and Diamond Exporter pleaded not guilty to the charges when it was read to him.
The Court heard that between the 21-24 March at Bartica, Rasul with intent to defraud the Guyana Bank for Trade and Industry, in various amounts ranging from $45million to $298 million by false pretense that he had the cash in his citizen’s bank account.
His attorney told the court that the Bank’s Manager did not honor the protocol laid out by the bank and noted that it was negligence on their part.
He said his client has the cash in his Citizen’s Bank account to honor the cheques.
He will make is next court appearance in the Bartica Magistrates’ Court on April 21st.