An Alexander Village, Georgetown, goldsmith was fined $100,000 when he appeared before Magistrate Fabayo Azore and admitted to a larceny charge.
Ganesh Rampersuad of Lot 139 Alexander Village, admitted to the charge which stated that on September 18, 2018, he was entrusted with US$1000 equivalent to $211,000 to make two 16 ½ penny-weight gold bands but he converted the cash to his own use and benefit.
In court on Wednesday, the 47-year-old man told the court that he had promised the Virtual Complainant to repay him. “I promise he I gon pay he back, and it’s because I didn’t get to finish the gold bands in time,” he told the Magistrate in plea of mitigation.
As such, Magistrate Azore fined him $100,000. Failure to pay the fine will result in him serving three months imprisonment.
