By PAVEL BAILEY
Tribune Staff Reporter
pbailey@tribunemedia.net
A MAN was granted $50,000 bail after police allegedly found him with $1.22m worth of cocaine that it was said he was trying to smuggle out of the country last month.
Acting Chief Magistrate Roberto Reckley charged Feraud Bain, 34, and Hialeah Florida resident Carlos Delgado, 48, with possession of dangerous drugs with intent to supply, conspiracy to possess dangerous drugs with intent to supply and conspiracy to export dangerous drugs.
The pair allegedly had 134.4lb (61kg) of cocaine which police discovered in a drug bust in New Providence on July 24.
The allegedly confiscated drugs had an estimated street value of $1.22m.
The accused pleaded not guilty to all charges. Bain was granted $50,000 bail and ordered to sign in at East Street South Police Station every Wednesday and Saturday by 6pm. He must also be fitted with an electronic monitoring device.
Delgado was denied bail because he had no status in the country. He will remain on remand at the Bahamas Department of Correctional Services until the trial begins on November 7.
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