RealNews

Gem Dealer Accused in Plot May Seek Bail, Judge Rules

Denying a request from prosecutors, a federal judge ruled today that a Queens man whom the authorities have linked to a plot to sell shoulder-fired missiles could be released on $10 million bail. The ruling by the judge, Joel A. Pisano of Federal District Court here, upheld an earlier decision by another federal judge to allow the man, Yehuda Abraham, 76, of Rego Park, to seek bail under strict conditions. Besides the $10 million bail, — which must be guaranteed by 10 co-signers, Mr. Abraham must offer $5 million worth of property as a secured bond and submit to house arrest with electronic monitoring. It could be a few days before Mr. Abraham can meet those conditions and be released, said his lawyer, Larry Krantz. Prosecutors have said they believed that Mr. Abraham helped transfer $30,000 to a European bank in 2002 at the request of Hemant Lakhani, a British citizen born in India. Full Story

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