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Businessman nabbed with counterfeit US$$$

Sep 05, 2012 News

A businessman who is alleged to have attempted to pass some counterfeit US dollars on a city shop was yesterday placed on $150,000 bail after appearing in court.
Trevor Ollivierre was charged with the possession of forged currency notes and for attempting to use the fake notes to transact business. He was not required to plead to the indictable charges when he faced Magistrate Faith McGusty at the Georgetown Magistrates’ Court on Monday.  The incident which led to Ollivierre’s arrest occurred on August 30th.
It was reported that the accused went to the business place of Julius Belgrave, a shop owner, in North Ruimveldt, posing as a genuine money changer and asked Belgrave to convert US$500 into local currency.
However, a suspicious Belgrave called in the police after he examined the notes, and thought they looked counterfeit. The accused was immediately arrested and charged.
Attorney-at-law Paul Fung-A-Fat, who represented Ollivierre, requested bail at a reasonable sum. He argued that his client poses no risk of flight since he is a businessman who operates several stalls at the Stabroek Market, most of which are owned by his mother.
The accused businessman will have to return to court on October 8th.

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