A director of a company was granted bail when he appeared before a Justice of the Peace charged with two fraud offences.
Terrance Hypolite, 63, of Edinburgh 500, Chaguanas, was charged with uttering a forged document and attempting to obtain $4.8 million dollars from the government by false pretences.
A police release said, Hypolite appeared before JP Babootee at the Woodbrook Police Station on Thursday.
He was granted $150,000 bail and ordered to appear virtually at the Port-of-Spain Magistrates’ Court on March 25.
It is alleged that the accused went to a commercial bank in Diego Martin on February 17 and presented a government cheque, payable to his construction business, in the amount of $4.8 million.
The police release said, he also provided copies of awarded contract letters issued by a special purpose State company to his construction company to undertake infrastructural works at a port project in Toco, which was due to start on March 25.
The cheque was accepted as genuine by the bank and the proceeds credited “on hold” to the company’s business account subject to verification and processing by the Central Bank.
It said during the processing and verification phase, the Central Bank alerted the commercial bank that the cheque in question was not issued by the government and was therefore, fraudulent.
A report was made to the Fraud Squad and officers conducting enquiries, found that there was no work contract in existence between the State company and the construction company. There was also no port project at Toco.
Hypolite was arrested on Wednesday 24 by Fraud Squad officers and charged with the offences by WPC Kennedy on Thursday 25.