News24

Durban businessman must wait for bail

2012-04-18 21:22

Durban - Durban businessman Thoshan Panday will spend another night in Durban’s Westville prison before finding out if he will be granted bail.

Magistrate Sharon Marks had been expected to hand down her decision on bail on Wednesday, but instead asked his lawyer and the prosecution to provide her with details about his previous bail.

Panday and Captain Aswin Narainpershad face charges of conspiracy to commit fraud, incitement to commit fraud, and corruption.

They allegedly offered R1m to Captain Kevin Stephen to help them generate false invoices worth R15m for submission to the SA Police Service, from December 2011 to March 2012.

At the time of his arrest early in April, he was out on R100 000 bail in a case where he is accused of trying to pay a R2m bribe to KwaZulu-Natal Hawks boss, Major General Johan Booysen.

The State has argued that bail should be denied because Panday has the means to interfere with witnesses, and that there were no exceptional circumstances for him to be granted bail.

Panday’s lawyers said the State's assertion that he would interfere with witnesses were based on unproven allegations.

Marks said she wanted to examine further case history before making her decision.

Comments
  • Thato - 2012-04-18 22:48

    I know, some bubble heads are gonna comment ANC, JZ, corrupt government and then later racism... while this is just a success story of another white collar crime bust... *where my News24 readers @*

      docjimmie - 2012-04-19 04:19

      no Thato is not that is just a case of greed pure and utter. it shows how when a person becomes wealthy they will stop at nothing to increase their standing.

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