KINGSTON, Jamaica — One of four men currently before the court in connection with a multi-million dollar fraud at the National Commercial Bank (NCB) has been granted bail in the sum of $1 million, with his mother acting as surety.

Michael Reid and his co-accused — Denoy Clarke, Jahvian Clarke and Ramone Thompson — appeared in the Kingston and St Andrew Parish Court on Tuesday.

The four were charged in October 2024 with defrauding the National Commercial Bank of over $9 million.

Reports indicate that Steve Oakley, alleged to be the mastermind behind the scheme, recruited the men, gained access to their online banking details, and submitted forged documents to secure credit cards.

Michael Reid is accused of withdrawing $900,000, Ramone Thompson $1.4 million, and Denoy Clarke over $800,000 from ATMs.

All four are charged with unlawfully making available devices or data for the commission of an offence, as well as conspiracy to defraud.

Reid, who had been remanded in custody along with Thompson, has since repaid the $900,000 he allegedly withdrew from the bank. Jahvian Clarke has also made full restitution.

As part of his bail conditions, Reid is required to surrender his travel documents and report to the Kingston Central Police Station every Wednesday and Saturday between 6:00 am and 6:00 pm. A stop order has also been imposed.

Bail was extended for both Denoy Clarke and Jahvian Clarke.

Ramone Thompson remains in custody, as he has another matter before the court.

The men are set to return to court on June 3, 2025.

— Vanassa McKenzie