Court Orders Second Trial For Bahamian Businessman

NASSAU, BAHAMAS – The Court of Appeal has ordered a second trial for Bahamian businessman Dr. Rudolph King for an alleged scheme to defraud the Post Office Savings Bank of $600,000.

King was in 2022 acquitted on charges of fraud by false pretenses and money laundering after a magistrate upheld a no-case submission.

Prosecutors successfully appealed the decision on the basis that the magistrate’s decision was flawed.

Prosecutors allege that King held five accounts at the Post Office Saving Bank, which he used to fraudulently obtain $600,000 from the Post Office Bank by false pretenses.

King is accused of altering entries in the account passbooks, and withdrawing more money than he actually held in the accounts, and then laundering that money by paying for services at other businesses.

The offenses allegedly occurred between 2012 and 2015.