A 51-year-old businessman was granted $500,000 bail with a surety by a Justice of the Peace (JP) on Friday after being charged with 20 fraud offences.
A TTPS press release on Wednesday stated that Karl Nasser Mohammed who is also known as Mahase Rampersad, of Cunupia, was charged with 11 counts of uttering a forged valuable security; seven counts of obtaining property by false pretences in the sum of $2,942,000; one count of forgery and one count of larceny.
The accused is required to report to the Cunupia Police Station every Monday, Wednesday and Friday between 6 am and 6 pm, as a condition to his bail. When Mohammed appeared before the JP, the case was set for the Chaguanas Magistrates’ Court to be heard this Friday.
Mohammed was arrested on Tuesday April 13 by Municipal Police officers. Police allege that high-end vehicles were purchased from companies and individuals and effected payments by way of fraudulent documents and cheques. Two of the vehicles – a BMW and a Honda CRV – were recovered in Marabella.
The police press release also stated that Stephen Rose, 62, a Marabella businessman who owns the property where the vehicles were found, was arrested and charged with one count of receiving property knowing same to be stolen or unlawfully obtained.
He also appeared before a JP and was granted bail in the sum of $300,000 with a surety and is expected to appear before a San Fernando Magistrate on May 31.
Investigations were led by Snr Supt Arlet Groome and supervised by Insp Smith, Insp Bachoo, Ag Insp Thomas and Sgt Seepersad. Mohammed was charged by Cpls Kissoonsingh and Solozano and PCs Latchman and Williams, all of the Fraud Squad.