Clayton Alleyne, said to be the head of a loan company, was yesterday charged with attempting to defraud Fantasy Auto Sales of $26.3 million in vehicles.
The charge read to Alleyne, 56, of 179 South Ruimveldt, stated that between December 2, 2016 and December 13, 2016, at Georgetown, with intent to defraud, he obtained from Jeetendra Ram, of Fantasy Auto Sales, six cars, valued at $26,300,000, by virtue of a forged Republic Bank of Guyana cheque in favour of Fantasy Auto Sales.
Alleyne denied the charge.
Attorney Paul Fung-A-Fat, who represented him, told the court that it was Micro Business Developers, a loan company of which Alleyne is said to be the Chairman, which did business with Fantasy Auto sales. He added that the cheque that was issued by the secretary bounced. He, however, noted that the vehicles were all returned and he requested that his client be released on reasonable bail.
Police Prosecutor Deniro Jones stated that Alleyne entered into a sales agreement with the car dealership to purchase the six vehicles and paid with a manager’s cheque. It was during the company’s attempt to cash the cheque that it discovered that it was forged.
According to the prosecutor, only three vehicles were returned. Jones made no objection to bail being granted once it was substantial.
Chief Magistrate Ann McLennan subsequently granted Alleyne his release on $400,000 bail with the condition that he reports to the Fraud Squad every Friday at 8.30am.
