FORMER SAGICOR MANAGER Roger DaCosta Smith was remanded to Dodds Prison yesterday when he apppeared in the District “A”?Magistrates’ Court on charges of stealing over $1.6 million.
A stoic Smith stood in the dock as Acting Magistrate Manila Renee read out 18 counts of dishonesty, dating from as far back as 2003, and including offences of fraud, money laundering and theft from Sagicor Life Incorporated.
Some of the charges included the purchasing of several thousands of dollars of household furniture and appliances from Courts, DaCosta Mannings and Designer Decor.
An application for bail was set aside when defence counsel Sir Richard Cheltenham, QC, along with Shelly-Ann Seecharan, conceded that prospective bailors for Smith were not able to satisfy the required documented proof of sureties’ assets and worth at the time.
As a result, an agreement was reached for an adjournment until Tuesday for the next hearing of the matter.
Full story in today’s SUNDAY SUN.
