Trinidad: Valsayn housing developer granted bail in $3.3M fraud case

Trinidad and Tobago: The High Court, on Wednesday, granted bail to a male suspect who was charged with fraud. The accused is a housing developer from Valsayn and was alleged to be involved in a case involving over 3.3 million dollars.

The application of bail was accepted by the high court during the last court appearance against the surety amount of 250 thousand dollars.

The accused was facing the charges laid after the investigation by police for uttering forged documents and obtaining the sum of money with forged documents.

The man is mentioned in the police report by his name, Mahindra Boodram, as per his official documents.

As per the available information on the fraud case by the Valsayn housing developer, the man obtained a sum of over a million dollars two times. It is said that the suspect once collected 1,647,000 dollars and 1,665,000 dollars after that, both with forged documents.

The information is shared by the Trinidad police department on its official Facebook account. The unlawful act took place under an agreement to purchase houses, which was not followed by the accused.

It is mentioned that the victims of the fraud entered an official agreement with Boodram in Cunupia to buy houses.

The victims mentioned to the police department that they made down payments under the agreement to get promised houses from the developer. It is also alleged that the victim obtained mortgage facilities from financial institutions for the deal.

It is mentioned that the suspect from Valsayn prepared many documents along with a Completion Certificate, which was submitted to the financial institutions. On the basis of the provided documents, the financial institutions later dispersed the funds to the housing developer.

Subsequently, it was found that the documents provided by the suspect were fraudulent. It was understood that the documents were not issued by the relevant authorities officially. The complaint was filed with the police department against the fraud executed by Boodram.

The case of fraud was taken under consideration, and an investigation was started by the unit of Trinidad police. The total amount of fraud was calculated to be more than 3.3 million dollars. The case against the man was taken over by the officers from the Fraud Squad.

The accused was held eventually in the action spearheaded by W-Senior Superintendent Phillips, Superintendent Lutchman, and W-Inspector Smith. He was later charged for the committed offense on Tuesday, 13 August, by Sergeant Ag Edwards.

The bail conditions also require the suspect to report to the police station every first Saturday of each month. The next hearing is scheduled for 15 October 2025.