An Anna Catherina man was placed on $500,000 bail yesterday after he denied a charge of embezzlement from his former employer before Magistrate Sueanna Lovell.
The charge read that between January 5, 2010 and October 12, 2011 while being a clerk at Akbar Auto Sales, Nazir Hussain was entrusted with a total of $10,372,488 for him to make payments to the Guyana Revenue Authority (GRA), however, he converted it to his own use.
No facts were presented about the case, however, the defendant was not required to plea to the indictable offence.
The prosecution objected to bail on the grounds that there is an ongoing investigation and it is likely that if granted bail the defendant will interfere with the investigations.
Attorney Basil Williams disagreed with the prosecution’s objections, stating that his client had been on station bail and had been reporting to the police when he had to and would make every effort to attend every court session. He then requested bail be granted in a reasonable sum.
Magistrate Lovell granted the man bail and ordered Hussain to lodge his passport. He will make his next court appearance on October 31.
