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Two GuySuCo employees charged with $15M theft

Jun 13, 2012 News

–    granted $500,000 bail each  

The ailing Guyana Sugar Corporation (GuySuCo) continues to suffer millions and millions of dollars in losses either through mismanagement or theft.
The latest hit occurred at the once flagship and now below par Albion Sugar factory, where over $15.2M in losses were uncovered.  Since then two employees of the Estate – one a welder and the other a labourer- have been arrested and charged with simple larceny.
The accused are Kumar Deonarine called Lenny, 30, a welder and married father of two, of 18 Hampshire, Corentyne, Berbice, and Anthony Ramoutar, 32, a labourer and a married father of two, of Lot 4E Albion, Corentyne, Berbice.
The two men are charged with stealing 138 Electrical Contacts including panels, valued at $15, 297,000 the property of GuySuCo. The theft allegedly occurred between May 13 and June 7, last, at Albion, Corentyne.
The men appeared before Magistrate Fabayo Azore yesterday at the Albion Magistrate’s Court and were granted bail to the tune of $500,000 each.
Prosecutor Corporal Roberto Figueira had opposed bail on the grounds of the seriousness of the offence; the men might be flight risks, and that some of the items were recovered at the homes of the accused.
However bail was granted on the grounds that the defendants lodge their passports.
After the items were discovered missing, an investigation was conducted and the two were arrested and charged.
The men are being represented by Attorney at Law Rabindranauth Singh.
They are to return to court on July 10.

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