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…sues entity for $1BMagistrate Fazil Azeez, yesterday found that there was no evidence to show that Maurice Arjoon, the former Director-Secretary for the New Building Society, was ever involved in the matter.Arjoon along with operations manager, Kent Vincent, were charged with conspiracy to defraud the NBS of $69 million.According to the man’s attorney, Nigel Hughes, the matter was dismissed yesterday morning after there was no evidence linking his client to the crime.The lawyer added that it was said that the police couldn’t even justify why Arjoon was even charged. The matters against the other defendants are still continuing.And almost immediately after, Arjoon along with operations manager, Kissoon Baldeo sued the NBS for $1B in punitive damages in their claim that they were wrongfully dismissed during a fraud investigation.He also demanded that he be reinstated to his position and that his sacking was null and void.The matter was brought against NBS, Trust Company (Guyana) Ltd and Ahmad Khan, Seepaul Narine and Nizam Mohamed– the latter three in their capacity as trustees of the NBS Pension Fund.The writ, similar in nature, is asking the court for a total of $500M for Arjoon and Baldeo.The two claimed damages of $50M for wrongful dismissal on August 14, 2007 and another $50M their unlawful removal from office.Another $100M each is being demanded for a breach of contract of employment and for termination and severance benefits and outstanding leave payable by NBS.Both of the former executives also asked the court to make a declaration that they are and still remain employees of NBS.Charges were also instituted against Ashley Legall, Imran Bacchus,Cheap SACA Jerseys, Amarita Prashad and Mohanram Shahebudin. They were all charged with conspiracy to defraud the NBS.It was alleged that they withdrew $32,230,384 from an account using two cheques.The latter four employees were subsequently fired.The first charge alleged that on November 20, 2006, Legall, Bacchus and Shahebudin conspired with others to withdraw $20.5M from the Savings and Prosper account in the name of Bibi Khan at NBS by way of two cheques.The second charge stated that on November 1, 2006 Legall, Bacchus,Gabe Carimi Wisconsin Jersey, Prashad and Shahebudin allegedly conspired with others to withdraw $15M from Khan’s account in the form of two cheques in the name of M. Kryshundayal and Compton Chase respectively.The third charge states that Bacchus,Cheap Texas Longhorns Jerseys, Legall, Shahebudin,Ray Rice Rutgers Jersey, Baldeo and Vincent on November 17 allegedly conspired to withdraw $22,Colt McCoy Texas Jersey,664,000 from Khan’s account by using two cheques,Tavon Austin West Virginia Jersey, one in the name of M. Hussein and the other,C.J. Fair Syracuse Jersey, Compton Chase.The matter was being prosecuted by Special Prosecutor Hukcumchand.