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Author Topic: PriceSmart ex-worker granted $4m bail on 122 fraud charges  (Read 879 times)

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Offline Flex

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PriceSmart ex-worker granted $4m bail on 122 fraud charges
« on: November 04, 2014, 02:46:42 AM »
PriceSmart ex-worker granted $4m bail on 122 fraud charges
By Camille Hunte (Express).


$10.8m MISSING

A former PriceSmart employee was yesterday granted bail in the sum of $4 million when he appeared before Port of Spain Magistrate Christine Charles to answer 122 fraud-related charges.

The court heard that on specific dates between 2009 and 2014, Aaron Hussein, 31, of St Andrews, San Fernando, a former supervisor at PriceSmartís Endeavour Road, Chaguanas branch, stole a total of $10.8 million from his employer.

Hussein is accused of making false entries in PriceSmartís payroll report wilfully, and with intent to defraud and with stealing the money from the companyís payroll account.

Hussein allegedly recorded sums larger than the companyís actual monthly payroll expenditure. The charges took over an hour to be read during which he was expressionless. Hussein was not called upon to plead as the charges were laid indictably.

Hussein, whose wife was in the courtroom, was represented by attorney Ravi Rajcoomar.

Despite the prosecution objecting to bail on the grounds of strong evidence against the accused, Rajcoomar argued that Hussein had no previous or pending matters and had a wife and a four-month-old child.

He also said Hussein was an active member of his church.

As a condition of bail, Charles instructed Hussein, whose passport is expired, to surrender his passport to the Chaguanas Magistratesí Court. He has also been prohibited from pursuing an existing application for a renewal of his passport.

The accused must report every Friday to the Fraud Squadís San Fernando office and is banned from communicating with PriceSmart employees and witnesses in the matter. He was also instructed to stay away from PriceSmart premises.

The matter was transferred to the Chaguanas Magistratesí Court and adjourned to November 11.

The real measure of a man's character is what he would do if he knew he would never be found out.

Offline grimm01

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Re: PriceSmart ex-worker granted $4m bail on 122 fraud charges
« Reply #1 on: November 05, 2014, 03:29:24 PM »
These people must be running PriceSmart with the financial discipline of a corner parlor for a supervisor to have the ability to take money that easy for so long.

Offline lefty

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Re: PriceSmart ex-worker granted $4m bail on 122 fraud charges
« Reply #2 on: November 05, 2014, 03:47:29 PM »
These people must be running PriceSmart with the financial discipline of a corner parlor for a supervisor to have the ability to take money that easy for so long.

daiz what plenty people sayin............d ting is he tiefing by manipulating payroll but what d hell he was doing to pass all dat money under d radar, daiz 5,000 ah day over 5 years :o it would be interestin to hear d forensic analysis for how he did it.......5,000 ah day diaz 35,000 a week...pretty simplistic tojus look at it from the point of view of averages but yuh really have to wonder......d fella was tiefin from payroll....payroll ??? ??? ??? ??? ???
I pity the fool....