Walter Oneal Prescod’s stay in prison has been extended for at least another two weeks.
Prescod, one of three Goddard Enterprises Limited (GEL) workers charged with possession, intent to supply, trafficking and the importation of 267 lbs or 121.4 kilogrammes of cannabis with an estimated street value of $534, 160 on July 23, returned to court today after spending the weekend at HMP Dodds.
Having been granted $450, 000 bail by Magistrate Douglas Frederick when he appeared last Friday, Prescod had expected to find a surety to stand on his behalf.
But his wife told the court that although she had been able to find one surety, it was not for the total amount.
She said she was still searching for another surety and would need a further two weeks.
As a result, Prescod was remanded until August 15.
His two co-accused, 56-year-old Chris Rogers and 62-year-old Charles Herbert, who are both directors in GEL, were released on $400, 000 bail when they appeared in the District ‘A’ Magistrate’s Court last Friday.
Meanwhile, the Barbados Private Sector Association (BPSA) will soon be considering the future of its chairman Herbert after he was slapped with four drug charges.
BPSA Chief Executive Officer Ann Reid told Barbados TODAY this afternoon the association would meet in due course to discuss the way forward.
“We are going to convene a meeting to discuss the way forward. No meeting has been held [as yet],” Reid said, adding that while a date was still to be set, her organization would inform the media when it had something more substantial to say.
Herbert, who is also chairman of GEL, told reporters after being released on bail on Friday that he was prepared to resign his position at both the BPSA and GEL in order to protect their integrity.
The charges stemmed from a drug bust aboard the Ecstasy, a private yacht owned by Goddard Enterprises. At the time, the three accused were aboard the vessel as it was intercepted in the Bridgetown Port.
Since then, GEL has announced that William Putnam, the deputy chairman of its board of directors, will act in the role of chairman until such time as Herbert could resume his duties.
In a statement issued last Wednesday at the height of the police investigation, Goddard said it continued to support the outstanding work of police in their efforts to bring the investigation to a timely close.
The company is expected to issue a follow-up statement following the charges against the embattled trio.