A woman accused of involvement in an alleged TT$20 million (One TT dollar=US$0.16 cents) fraudulent cheque scheme has been granted bail and will return to court on November 5 this year.
Police said that Jackqui Watson, formerly Watson-Vincent, appeared before a Master of the Court earlier this week and released on six million dollars bail and ordered to surrender her travel documents.
Watson was charged following an investigation by the Fraud Squad and the Special Investigations Unit into the deposit of a purported TT$20 million government cheque into an account held by a company at a commercial bank.
Investigators allege that the cheque, which appeared to have been issued by the Central Bank of Trinidad and Tobago CBTT), was later determined not to be genuine and that before the discrepancy was discovered, more than TT$18 million had reportedly been withdrawn or otherwise disposed of from the account.
The police said that following her arrest on June 18, and subsequent legal consultations, Watson was charged with one count of obtaining money by false pretence and one count of money laundering.