The Fraud Squad is reminding the public before purchasing any vehicle through an agent, a thorough check should be made with the Ministry of Trade and Industry to verify the agent is authorised to conduct such transactions.
It comes on the heels of a 33-year-old businessman appearing in court on Monday charged with Fraudulent Conversion in the sum of $47,000.
STEFON RABINDRUNATH, 33, of Barrackpore, was charged with the offence by officers of the Fraud Squad on June 7th, 2024.
A victim reported in December 2020, they paid the sum of $47,000 by way of a manager’s cheque to a man.
The payment represented the down payment toward the purchase and importation of a vehicle valued at $97,000, to be delivered in six weeks’ time.
The man allegedly failed to deliver the vehicle as arranged and attempts by the victim to recover the money proved futile.
A report was made to the police and an investigation launched into the matter by the Fraud Squad.
During the exercise, a male suspect was arrested.