Sixty-one-year-old Prince Bagot, of David Rose Street, Bagotville, West Bank Demerara (WBD), who was found with 390 grammes of cannabis, 3.5 grams of MDMA (ecstasy), 25 7.65mm live rounds of ammunition and $608,450 in cash, was charged and granted bail when he appeared at the Wales Magistrate’s Court on Friday. According to reports, Bagot was charged with possession of narcotics for the purpose of trafficking and appeared before Magistrate Rondell Weaver, where he pleaded not guilty. Despite objections to bail by the Customs Anti-Narcotic Unit (CANU), which said he is a repeat offender, the Magistrate granted bail in the sum of $500,000. The matter was adjourned to May 25, 2026.

Another person, Murice Fernandes who was at the time with the businessman was also taken into custody. He remains in custody pending further investigations.
Prince Bagot is a confirmed repeat offender and is no stranger to law enforcement, having a history of prior convictions and having previously served time in prison for various offenses. Most recently, he was arrested by CANU at the same address on January 22, 2026. In that instance, he was found in possession of 912 grams of cannabis, 11 grams of ecstasy, and a significant quantity of cash.

Although he was placed on $150,000 bail for the January offence, with conditions requiring him to report to CANU monthly, he would have committed the current offence while that matter was still active before the court.
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