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Tuesday 12 December 2017

Businessman Granted Bail in Fraud Matter

37-year-old Chaguanas Businessman Gregory Reece granted bail with surety in the sum of $300,000 for fraud on Wednesday.

A Chaguanas businessman, who was charged with fraudulently obtaining money from the Arima Borough Corporation, was granted bail with a surety in the sum of $300,000 on Wednesday.

Gregory Reece, 37, of Lalla Road, Chaguanas appeared before Senior Magistrate Nanette Forde-John in the Port of Spain Magistrate’s First court on four counts of uttering a forged cheque and two counts of fraudulently obtaining over $1.4 million.

Reece was accused of depositing three fraudulent cheques into his business account on August 3. The cheques were drawn on the account of the Arima Borough Corporation in the sum of $1,424,958.83. The account was flagged after it was discovered the cheques were deposited with fraudulent items. Reece was arrested by members of the Fraud Squad and the Chaguanas CID. The matter was adjourned to September 20.


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