A former security guard of the now defunct Sentinel Security Services has been charged with faced larceny of just over $400,000 from Republic Bank over seven years ago.
Last week Wednesday, Rawle Dann, 66, of Scarborough, Tobago, appeared before Magistrate Indrani Cedeno in the Scarborough Magistrates’ Court and pleaded guilty to four charges of larceny.
Approximately seven years after the incident occurred, the court heard that Sentinel Security Services was contracted by the Republic Bank Ltd to convey and replenish monies at Automated Teller Machines, (ATM) throughout the island of Tobago, and on four separate occasions during the period October 9, 2013 and October 25, 2013 while the machines were being reconciled, it was discovered that a total of $433,700 was missing.
Dann, who at the time was 59 years old, was employed by the security company and was also trained and authorised to replenish the ATMs.
It is alleged that when confronted by officers attached to the Fraud Squad and Criminal Investigations Department he confessed to have taken the monies.
After hearing to the facts of the case Magistrate Cedeno fined Dann the sum of $28,000 or two years hard labour, with six months to pay the fine.
Dann was also ordered to pay compensation to Republic Bank Ltd of the total stolen sum of $433,700 or 24 weeks simple imprisonment and one year to pay compensation.
Reporter: Casandra Thompson-Forbes