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IPED employee charged with larceny

Jul 05, 2015 News

An employee of the Institute of Private Enterprise Development (IPED) was on Thursday arraigned before a City Magistrate after it was alleged he stole $29,480 from the company.
Mark Ageday, 44 of lot 70 Friendship, East Bank Demerara allegedly stole the money on June 10, at Georgetown.
Ageday, a father of seven, denied the charge after it was read to him by Magistrate Ann Mc Lennan.
He was released on $50,000 bail and will make his next court appearance on July 27. His Attorney, Paul Fung-A-Fat, asked that his client be released on reasonable bail because he has children to support. The lawyer explained that his client has been employed with the company for the past five years.
He said that on the day in question, Ageday had issued a receipt to someone and collected the money. Fung-A-Fat noted that his client failed to lodge the money with the company and was subsequently accused of stealing it.
The Attorney added that investigations were carried out and Ageday was arrested and charged.
He contended that the matter will not go the full extent. Police Corporal, Deniro Jones, prosecuted the matter and did not provide the court with any facts, neither did he object to bail.

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