A 29-year-old man from Arima has been denied bail after appearing in court charged with money laundering close to $300,000 that was stolen from the San Juan/Laventille Regional Corporation in a multi-million fraud scam.
Stephen Ramsaroop, of Longden Street, Arima, was remanded into custody after appearing before magistrate Marissa Gomez in the Port-of-Spain Magistrate's Court to answer a little over 100 fraud charges.
Ramsaroop was among a dozen persons who were implicated in the payroll scam in which the corporation was defrauded of close to $22.5 million.
All the persons appeared in court last year to answer the charges related to the conspiracy, except Ramsaroop, who could not be found by police.
He was slapped with the charges after police managed to locate him, last month.
All the charges relate to varying withdrawals made by Ramsaroop at ATM's in Piarco, St Helena and Valsayn between 2012 and 2017.
He is accused of withdrawing the money knowing that it was the proceeds of the fraud conspiracy.
The charges allegedly arose from an internal audit initiated by the corporation's former chief executive officer Kofi Chapman in 2017.