Krejcir bail application continues

Krejcir bail application continues

A manager at Czech businessman Radovan Krejcir's business Money Point is expected back in the Johannesburg Specialised Commercial Crime Court on Friday for a bail application.

krejcir_2.jpg
A manager at Czech businessman Radovan Krejcir's business Money Point is expected back in the Johannesburg Specialised Commercial Crime Court on Friday for a bail application. 
 
Ivan Savov and Absa bank employee Voyolwethu Koboka are accused of fraud and money laundering. They were arrested on November 14. 
 
During their last court appearance, the State asked the home affairs department how Savov had secured a South African identity document.
 
Defence attorney Piet du Plessis said the matter had been under investigation since February, and the State should therefore be aware of Savov's status in the country.
 
The bail application was postponed because the magistrate was ill. The court was told that if the magistrate was still not well on Friday, arrangements could be made for another presiding officer.
 
According to the draft charge sheet, Koboka allegedly made unauthorised transfers amounting to R12 million between January 26 and February 2 from an account held by Bloemfontein Correctional Contracts.
 
The money was allegedly transferred to an attorney's account before being moved into Savov's bank account.
 
On November 12, two people died and five were injured in an explosion at Money Point, in Bedfordview, on the East Rand. The charges against Savov and Koboka are not related to the blast.
 
-Sapa

Show's Stories