Krejcir employee arrives at court in shackles

2013-11-22 13:01


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Johannesburg - A manager at Czech businessman Radovan Krejcir's business Money Point arrived at the Johannesburg Specialised Commercial Crime Court on Friday ahead of his bail application.

Ivan Savov, wearing a black shirt and blue jeans, walked down the corridor taking small steps because of the shackles around his ankles.

He was flanked by three other men and a woman who tried to shy away from the cameras.

Savov and the men and woman sat in a corner of the courtroom as they waited for proceedings to start.

He was smiling and talking to one of the men next to him while the other men and the woman tried to cover their faces with jackets, scarves, and other pieces of clothing.

It was unclear who the three men and woman were ahead of proceedings and if they are linked to Savov.

Savov and Absa bank employee Voyolwethu Koboka are accused of fraud and money laundering. They were arrested on 14 November.

During his last court appearance on Tuesday, the State asked the home affairs department how Savov had secured a South African identity document.

Koboka was not in court as his case would be heard later.

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.

According to the draft charge sheet, Koboka allegedly made unauthorised transfers amounting to R12m between 26 January and 2 February 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 12 November, 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.

On Friday, the court dealt with other cases before continuing with Savov's bail application.

Read more on:    radovan ­krejcir  |  johannesburg  |  fraud

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