Latest update March 19th, 2024 12:59 AM
Apr 26, 2017 Court Stories, Features / Columnists, News
…pretended to be money lender
Clayton Allen, who was charged in March for allegedly defrauding a man of $26M in relation to the purchase of motor cars, is back in court again.
This time, the man who claims to be a financial consultant is accused of defrauding three persons of a total of $1,631,000, monies they were required to hand over to secure loans.
It is alleged that between November 3, 2016 and February, 8 2017 with intent to defraud, he obtained the sum of $516,000; $415,000 and $3M from Samuel Mangal, Rohan Lalchan and Kizzy Shepherd respectively, by falsely pretending he was in a position to grant them individual loans totaling $7,500,000.
Allen, 57, of Lot 179 Good Hope, East Coast Demerara, who is the Chairman of Micro Business Developers, pleaded not guilty to the charges read to him by Chief Magistrate Ann McLennan. He was remanded to prison.
Police Prosecutor Arvin Moore told the court that the victims were introduced to Allen who is said to be the manager of a money lending institution.
According to the prosecutor, persons would go to the defendant and request to borrow various sums of loans to which they are required to make down payments.
Prosecutor Moore disclosed that the victims handed over the monies to the defendant and were issued with receipts. But they never received their loans and were in some instances issued with bounced cheques.
The prosecutor opposed to bail for Allen citing that he is still under investigation by the Criminal Investigation Department Headquarters, Eve Leary, Georgetown. Prosecutor Moore disclosed that Allen is still to provide police with the names of the companies he has been advising.
Back in March, Allen denied a charge which alleged that between December 2, and December 13, 2016, at Georgetown, with intent to defraud, he obtained from Jeetendra Ram of Fantasy Auto Spares six motor cars valued at $26, 300,000 under or upon virtue of a forged Republic Bank manager’s cheque drawn for the said sum in favour of Fantasy Auto Spares.
At that hearing, he was released on $400,000 bail after his attorney Paul Fung-a-Fat told the court that the vehicles were returned to the victim.
Police Prosecutor Deniro Jones had told the court that Allen entered into an agreement of sale to purchase the six vehicles from the victim. According to the prosecutor, the defendant paid with a manager’s cheque. However, when Ram attempted to encash the cheques they bounced.
Yesterday, the man who posted bail for Allen came to court and requested that the bail be withdrawn. The request was granted by the Chief Magistrate.
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