Duo released on $500,000 bail over millions stolen from businessman’s home

Two construction workers were on Tuesday charged over cash and items stolen from the home of a businessman at Coglan Dam, West Bank Demerara.

Kasho Hardeo, 20, a barber/construction worker of 223 Track ‘A’ Coldingen, East Coast Demerara and Hansraj Madhu, 46, a construction worker of 236 Track A Coldingen, appeared at the Vreed-en-Hoop Magistrate’s Court where Magistrate Faith McGusty read the charge to them.

The men were charged with break and enter and larceny committed on the dwelling house of Yaynauth Ramkissoon, a 34-year-old businessman of Coglan Dam, West Bank Demerara, on October 20.

They both pleaded not guilty, and were placed on $500,000 bail, each.

The matter was adjourned until November 12 for report.
Police investigators recovered cash totaling $7 million and other valuables that were reportedly stolen from the businessman’s home.

Initially, police said five persons were in custody including a mother and her son who works as a barber. Police said a total of $13 million in cash and a quantity of gold jewellery valued at $1.6 million and belonging to the man and his wife were stolen.

The incident occurred between 08:00 hrs and 09:00 hrs on Thursday last.

A statement from Police Headquarters noted that the businessman’s wife secured the home on the date and went to the doctor’s office at Vreed-en-Hoop, WCD. At about 09:00 hrs, she returned home and discovered the top half of her back door was wrenched open. Further checks in the home revealed that her bedroom alone was ransacked and the cash was missing from a bag in a wardrobe and the jewelry from the vanity.

The scene was processed by police and several persons in the area were questioned. During the ongoing investigations, over $7M in cash stolen was recovered by the police.

On Friday between 14:00 hrs and 19:30 hrs, further investigations were carried out and the two main suspects were arrested and interviewed. Although several other persons were in custody, police did not indicate whether these additional persons will be charged.