Senior Magistrate Tamia Richards, who initially denied bail to businessman Korrey Stoutt — one of three men found with guns and more than $1.7 million worth of cocaine last month — was effectively forced to offer him bail after his co-accused were granted bail at the High Court.
Magistrate Richards granted Stoutt $150,000 bail during his appearance on Thursday, June 18.
His attorney, Stephen Daniels told the court that he was making a new bail application on the basis that Stoutt’s co-accused, Jordy Vargas and Dr Yamell Medina Acosta were released on $12,000 bail in the higher court.
Despite describing the news as ‘a hard and bitter pill to swallow,’ Magistrate Richards said it would be unfair to allow Stoutt to stay on remand while his two co-accused — who have no significant ties to the territory — are out on bail.
Stoutt is a USVI native with Belonger status and both his co-accused are natives of the Dominican Republic.
In the meantime, the conditions of Stoutt’s bail bond are that $100,000 is signed with two sureties. The remaining $50,000 must be paid in cash, the court ordered.
Stoutt was also ordered to surrender all his travel documents. He must neither visit the beach nor travel on water, and must be home between 6 pm to 6 am daily. He is further required report to the Road Town Police Station every day.
He was also told that police officers would make random checks at his Fort Hill residence to ensure that he abides by the bail conditions.
He is scheduled to return to court November 16.
Stoutt, in the meantime, is charged with ‘Possession of the Proceeds of Criminal Conduct’, and ‘Landing Without Leave of an Immigration Officer’ but pleaded not guilty to those offences. He is further charged with Breach of Curfew. He pleaded guilty to that offence.
The businessman was also jointly charged with his two co-accused for Possession of a Controlled Drug With Intent To Supply To Another, Unlawful Possession of an AR15 rifle, possession of 10.736 kilograms of cocaine, and possession of a Nato 5.56 rifle With An Obliterated Serial Number.
They all pleaded not guilty when they appeared before the Magistrate’s Court on Wednesday, May 27.
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