Businessman, employee in loan scam slapped with fraud charges

A businessman, who was previously convicted of fraud and sentenced to 36 months’ imprisonment, and one of his employees faced over a dozen fraud charges when they appeared at the Georgetown Magistrates’ Courts last week.
Chairman of Micro Business Developers and Consultancy Company, Clayton Allen, 62, and his employee, 59-year-old Nobert Bailey, were taken before Magistrate Leron Daly.

They denied the charges which alleged that between June and September 2022, at Georgetown, with intent to defraud, they obtained the sum of $5.5 million from 14 persons by falsely pretending that they were in a position to grant them loans.
Allen, of South Better Hope, East Coast Demerara (ECD), and Bailey of Great Diamond Housing Scheme, East Bank Demerara (EBD), were remanded to prison until November 18. They pleaded not guilty to all of the charges.
Last month, Allen and Bristol were remanded on a similar charge.
The charge to which the pair pleaded not guilty, stated that between November 2, 2021, and July 18, 2022, with intent to defraud, they obtained $1.1 million from Lindel Toney by falsely pretending that they were in a position to lend her $45 million.
In 2018, Allen was jailed for 36 months for forging a manager’s cheque worth $26 million.
Allen was convicted of falsely obtaining $26 million worth of motor vehicles from Jeetendra Ram of Fantasy Auto Sales between December 2 and December 13, 2016, by forging a Republic Bank Limited manager’s cheque in favour of Fantasy Auto Sales.
The prosecution contended that, during that period, the parties had entered into an agreement of sale which stated that Allen would purchase six motor cars from the complainant and that he would use a manager’s cheque to compensate the large sum.
When Ram went to encash the cheque, it was discovered that it was forged.
Allen has appealed his conviction and sentence to the Court of Appeal of Guyana and is currently out on bail pending the hearing and determination of that matter.
Bailey, according to reports, was charged with larceny and forgery back in 2015. (G1)