Gibraltar Chronicle - The Independent Daily First Published 1801: "Isaac Marrache was granted bail by the Magistrates Court yesterday but remained in custody last night after the Attorney General gave formal notice that he would appeal to the Supreme Court to reverse the decision. Mr Marrache had been charged with two counts of conspiracy to defraud by police investigating an alleged multi-million pound fraud at collapsed law firm Marrache & Co. Yesterday was his first appearance before Stipendiary Magistrate Charles Pitto, who granted bail on condition that the defendant provide £400,000 in sureties and surrender his travel documents. But no sooner had the magistrate delivered his ruling than Attorney General Ricky Rhoda, QC, indicated that he would appeal before the Supreme Court.
Mr Marrache will now have to remain in custody until the outcome of that appeal, which is unlikely to be heard before Monday afternoon.
Isaac Marrache, a senior partner at Marrache & Co, is the third brother to be arrested and charged in connection with the police investigation into the alleged fraud. One of the charges against him alleges that, between February 2007 and November 2009, he “and others” conspired to defraud a client by moving money from the firm’s Canadian dollar account into accounts under their control."
Subscribe to:
Post Comments (Atom)
Post a Comment