Stefon Rabindranauth granted bail after appearing in court on several fraud charges.

A man who allegedly took money from several people to import vehicles but failed to deliver the vehicles or refund them has been granted $350,000 approval bail.

Stefon Rabindranauth, 29, of Barrackpore, was also granted a cash bail alternative of $75,000 during his virtual appearance before Princes Town Magistrate Indira Misir-Gosine on Thursday.

He faced a total of six charges, but two of the charges were transferred to the San Fernando and Port-of-Spain Magistrates Court.

He pleaded guilty to four fraud charges, but he was not asked to plead to the other two charges.

Rabindranauth was arrested at his home on Monday after several reports were made against him to the Fraud Squad. The victims reported that they paid him sums of money totalling $354,000 to import vehicles for them.

However, he allegedly failed to deliver the vehicles, and their requests for a refund proved futile. He was charged on Wednesday by Ag Cpl Lewis and PCs Legiere and Williams of the Fraud Squad. Prosecutor Shazeed Mohammed did not object to bail since he had one conviction for driving under the influence from two years ago. However, the prosecutor asked the magistrate to consider the serious nature of the charges in granting bail.

As a condition of his bail, he was also ordered to report once a week to the police station.

Rabindranauth was represented by attorney Shaun Teekasingh.