Ex-drugstore employee could face $32M worth of fraud charges

Sep 26, 2013 News

– Court hears

Raphael Laurie is likely to face charges for $32 million he allegedly embezzled while he was under the employ of Bacchus Drugstore.
The former drugstore employee has been arraigned on charges of simple larceny and embezzlement before Magistrate Judy Latchman, at the Georgetown Magistrate court Tuesday.
The court heard that on July, 30, 2013, Laurie, 24, of Lot 7 Supply, East Bank Demerara, stole a quantity of pharmaceuticals from Bacchus Drugstore, located at Howes and Saffon Streets, Charlestown, property of Mohammed Hussein Bacchus called ‘Bobby.’
It is further alleged that Laurie embezzled the sums of $120,061 and $116,638 which were monies taken to his account on behalf of his employer, on July 9 and July 30, 2013, respectively.
The accused was not required to plead to the charges.
His Attorney, Adrian Thompson, requested bail. Thompson told the court that his client, a former employee of the drugstore was taken into custody with other employees but later released on $100,000 station bail three weeks ago…
“My client was only informed today that he is charged; he does not pose the risk of flight since he had been out on bail for several weeks and has reported to the police station since.”
However Police Prosecutor, Sergeant Vishnu Hunte. objected to bail. He said that investigations into the matter are ongoing. He said that the accused is likely to face forthcoming charges for embezzlement amounting to in excess of $32 million.
He explained that the amount represents transactions between the accused and more than 60 customers. “The accused is likely to face up to 200 similar charges…As such the prosecution is objecting to bail, since there is likelihood that the accused may flee the jurisdiction.”
Thompson argued that the offence is bailable. He disputed that his client was not a cashier or billing clerk, he was just delivery personnel.
Magistrate Latchman remanded Laurie to prison until October 11, 2013.

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Ex-drugstore employee could face $32M worth of fraud charges

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