Chaguanas businessman charged for $1.4M in forged cheques
A 37-year-old Chaguanas businessman was granted $300,000 bail with surety, when he appeared before a Port of Spain Magistrate yesterday, charged with four counts of uttering a forged valuable security and two counts of obtaining over $1.4 million by false pretenses, between August 3-18, 2017.
According to a report by the Trinidad and Tobago Police Service (TTPS), Gregory Reece, of Lalla Road, Chaguanas, appeared before Senior Magistrate Nannette Forde-John, in the Port of Spain 1st Magistrates’ Court, on Wednesday, August 23, 2017, to answer to the charges.
He was granted bail to be approved by a Clerk of the Peace and the matter adjourned to Wednesday, September 20, 2017.
Reece is alleged to have deposited three fraudulent Central Bank of Trinidad and Tobago cheques into his business account on August 3, 2017.
The cheques were drawn on the account of the Arima Borough Corporation in the sum of $1,424,958.83.
It was later discovered that the cheques which were deposited were fraudulent items and the business account was flagged.
When Reece visited First Citizens Bank, Chaguanas, on August 18, 2017, to conduct a transaction, the Fraud Squad was contacted and he was arrested by officers of the Chaguanas CID.
Reece was charged by PC Ronald Kernahan, of the Fraud Squad, on Tuesday, August 22, 2017.
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