ST GEORGE'S, Grenada (CMC):

Lawyers for embattled banker, Finton De Bourg, say they intend to appeal the million dollar bail granted to their client yesterday after he appeared in a court on fraud related charges.

Acting Chief Magistrate Jerry Seales granted the EC$1 million (US$370,000) bail to De Bourg, the chief executive officer of Capital Bank International (CBI), who is facing four counts of fraudulent breach of trust totalling more than EC$18 million (US$6.8 million).

He was arrested last weekend following an investigation by the Financial Intelligence Unit of the Royal Grenada Police Force