Businessman accused of masterminding $600 million bank fraud granted $2m bail by Court of Appeal

The businessman who is facing criminal charges for his alleged role in a fraudulent scheme used to defraud several Jamaican banks of more than $600 million has been granted bail by the Court of Appeal. Kadeem Reid was offered bail in the sum of $2 million and ordered to surrender his travel documents and report to the police daily. A stop order has been placed on him at the ports, and he was ordered not to have any contact with witnesses in the case.