Billionaire has September court date; leaves island after posting bail

Billionaire Alkiviades David was released from Police detention yesterday afternoon, May 14, after posting bail and he left St. Kitts and Nevis shortly after, promising to return in three weeks.

He is scheduled to appear before the magistrate’s court to answer to his charges on September 23, later this year.

According to a Police statement, David was granted cash bail of $300,000 and $600,000 with two sureties.

The businessman was charged for possession of controlled, possession with intent to supply and importation of a controlled drug into the St. Kitts and Nevis.

The charges stemmed from an investigation surrounding materials suspected to be cannabis on a private aircraft, David arrived into the federation on, May 7.

The initial bail conditions were were a cash bail of $30,000 to be paid forthwith, a sum of $50,000 with two sureties, ordered to surrender all travel documents and ordered to report to the Frigate Bay Police Station daily.

Bail conditions were eventually changed, when he went to court yesterday morning, May 14, because of new information in the case, against to multiple sources.

The billionaire maintains that he wants to establish partnerships with local farmers who are interested in growing hemp/ cannabis.