Man on fraud charge granted $1.5m bail
December 29, 2006
A man accused of defrauding Quality Dealers Limited of $6 million was granted $1.5 million bail with up to three sureties and was ordered to surrender his travel documents when he appeared in the Half-Way-Tree Resident Magistrate's Court yesterday.
Andrew James was also ordered to report to the Matilda's Corner Police Station on Mondays, Wednesdays and Saturdays between 6:00 am and 8:00 pm.
According to the prosecution, between January 2004 and August 2005, James, on two separate occasions, defrauded the company of monies totalling $6 million. It is alleged that James, in his capacity as systems administrator, used his access to the company's point of sale system to generate and print fraudulent sales invoices drawn to fictitious customers.
James, the prosecution said, then reportedly stamped the fraudulent invoices with the company's paid stamp and went on to tender these invoices to the company's warehouse and department store through a sales clerk who conspired with him.
The company's merchandise was delivered on these fictitious invoices without any sums paid over for their delivery, resulting in losses to the company of $3.4 million, the prosecution said.
Author: Observer Reporter
Source: Jamaica Observer
