(Trinidad Guardian) Accountant Darryl Cox was granted $600,000 bail after appearing in the San Fernando Magistrates’ Court on multiple money laundering and fraud charges yesterday.
Cox, 31, of Marabella, was granted bail on 18 of the 21 charges and remanded into custody to appear in the Chaguanas Magistrates’ Court today on the other three charges.
However, all the charges, including 12 money laundering, three obtaining money by false pretences, three uttering a forge valuable security and three forgery charges, were read to him by Senior Magistrate Cherril-Ann Antoine yesterday.
The charges arose from allegations that between the period August 2015 and December 2015, he obtained three First Citizen Bank cheques, falsely prepared them in his name, each in the sum of $30,000 and withdrew the money, in the total sum of $90,000, from the account of Central Finance Facility Cooperative Society.
The money laundering charges alleged that he disposed of various sums of money, totally $30, 600 knowing or having reasonable grounds to suspect that the money was criminal property which constitutes the benefit from a criminal conduct, namely obtaining money by false pretences.
Cox, however, was not called upon to plea to the charges which were laid by PC Hosein of the Fraud Squad. In asking for bail, his attorney Louis Andrews said Cox works with in his father’s construction firm as an accountant, he has a son and had no previous convictions or pending matters.
Prosecutor Cleyon Seedan did not object to bail, but asked for reporting conditions.
Cox was ordered to report to the Fraud Squad once a week and has to return to the San Fernando Court on July 25.
