Kitty businessman on $1.5M bail over fraud charges
Vishaul Moonilal, a Kitty businessman was yesterday placed on $1,500,000 bail for ten fraud charges.
Moonilal, who had been remanded to prison last Friday for eight fraud charges, was read two more charges yesterday.
It is alleged that Moonilal on November 18th, 2016 at Georgetown with intent to defraud, obtained via Citizens Bank, US$10,000 from Dian Crosby, by saying that he was in a position to pay Capital Gains tax to the Guyana Revenue Authority on behalf of Crosby, knowing same to be false.
It is further alleged that Moonilal on November 7th, 2014, with intent to defraud obtained via Citizens Bank, a large sum of money from Crosby by stating that he was in a position to pay Capital Gains tax to the Guyana Revenue Authority on behalf of Dian Crosby, knowing same to be false.
Moonilal pleaded not guilty to both charges.
His attorney requested that bail be granted on the grounds of medical reasons. He stated that his client has a kidney problem and is due for an operation, but he was on remand.
The prosecutor made no objections to bail being granted but requested that Moonilal lodge his passport and report to the Brickdam Police Station every Friday.
Magistrate Fabayo Azore granted Moonilal bail of $150,000 for each of the ten charges. The matter was adjourned until January 31st.