Michael Coye released on bail because of medical condition

vlcsnap-2013-11-01-08h17m02s157On Thursday the Court of Appeal considered the case of Michael Coye, the 67 year old former businessman convicted of money laundering offenses two years ago. His case is up for appeal next year but attorney Arthur Saldivar asked the court to release him because of his medical condition. They have agreed, setting bail at $10,000 with two conditions. He must surrender all his travel documents and must report to the Racoon Street Police Station every Monday between 9:00 a.m. and 12:00 noon, until his case is resolved. After the hearing Arthur Saldivar related what he feels swayed the judges.

vlcsnap-2013-11-01-08h17m37s252Arthur Saldivar – Attorney

“The court decided to grant bail Aaron. Bail was granted and Mister Coye is being set free.”

 

 

Reporter

“How much and are there any conditions attached to it?”

Arthur Saldivar

“Yes the usual conditions that one would expect: surrendering of travel documents, must report to the police station on a weekly basis and must return to court for his appeal.”

Reporter

“Was the court swayed by the reports of his medical condition; he has to be hospitalized for two months and is suffering from diabetes among other things?”

Arthur Saldivar

“Certainly there were some compassionate grounds and his lordship took that into consideration, but I think the main basis upon which his decision was made was in relation to the legal arguments based on the strength of the case on appeal.”

Reporter

“Will there be any similar application bail for Miss Melonie Coye before the appeal is heard next February.”

Arthur Saldivar

“As one is invited, one will be made, yes.”

Reporter

“But at this time, is Mister Coye being released from the prison? Has conditions been met?”

Arthur Saldivar

“As we speak.”

An application is likewise expected for Melonie Coye, Michael’s daughter. They and two employees along with the company Money Exchange International Limited were convicted of money laundering but only the Coyes were given jail terms. The appeal of the case will be heard next February. The Court of Appeal’s final session for 2013 closes on Friday. There was objection from the Financial Intelligence Unit represented by Senior Counsel Antoinette Moore and Tricia Pitts-Anderson.

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