Money changer robbery suspect remanded after failing to raise $600,000 bail

The first man to be charged over the robbery of a money changer has been remanded in prison after failing to raise his $600,000 bail, The Straits Times reported Friday.

Permanent resident Annadurai Raman, 42, was involved in the armed robbery of moneychanger Ali Yousouf Saiboo. At about 12.50am on Nov 5, Annadurai and several accomplices allegedly robbed Mr Ali, 35, in the carpark of Block 110 Aljunied Crescent.

They were said to have made off with nearly $620,000 in various currencies. The group was allegedly armed with a crowbar and reportedly hurt Mr Ali by kicking him in the abdomen.

According to The Straits Times, police had proposed the $600,000 figure, after initially objecting to bail being granted as he was involved in a Malaysian syndicate.

Two other men - Malaysians Tachana Moorthy Peromal, 28, and Ravi Sandhira Sagaran, 27 - have also been charged over incident. Five other men are still at large.

candicec@sph.com.sg