GRENADA – The fifty-seven year old Chief Executive Officer (CEO) of Capital Bank International Ltd., Mr. Finton De Bourg, was released from police custody on Monday night after making the bail of EC$1,000,000.00 which was slapped on him by Magistrate Jerry Seales on Monday May 19, 2008 (Mr. De Bourg had to pay 100 thousand dollars in cash, with 900 thousand to be secured by two sureties). The state did not oppose the granting of bail to Mr. De Bourg. De Bourg was detained by police on Wednesday last week following a search of his residence by officers of the Financial Intelligence Unit (FIU) and the Royal Grenada Police Force. He was subsequently charged with four counts of fraudulent breach of trust. During Monday’s court proceedings, De Bourg was accused of fraudulently converted approximately seventeen million EC dollars - that was entrusted to Capital Bank International Ltd. - for his own use. This is believed to have occurred between August 01, 2004 and February 15, 2008. In the meantime, as part of the special conditions on which bail was granted, Mr. De Bourg is expected to surrender all travel documents and report to the St. Paul’s Police Station every Tuesday and Thursday between the hours of 8.00 am and 10.00 am. Additionally, he should have no contact with any of the witnesses in the matter. Mr. De Bourg is expected to make his next court appearance on July 07, 2008. He is represented by Attorney-at-law, Cajeton Hood.