Krejcir bomb and a bit of luck lead to business manager’s capture

2013-11-17 06:00

The bombing at Radovan Krejcir’s Money Point pawn shop conveniently led the Hawks to the arrest of Ivan Savov – Krejcir’s business manager.

He was picked up at the scene of the bombing in Bedfordview, eastern Joburg, which left two of Krejcir’s associates dead and five other employees injured.

Hawks spokesperson Paul Ramaloko said Savov has been charged with fraud of R10 million.

“The case was opened in February in Kliptown. We had been investigating this case for a while but Savov has not yet been questioned,” he said.

According to him, Savov had not yet been “red flagged” but was wanted as a suspect in the case.

The first time the Hawks saw Savov was on the scene of the bombing.

The Hawks investigator who was on the scene happened to be the same one who was investigating the R10 million fraud case.

“I’m not sure what you would call it – convenience or luck – that he was there and we had just started looking for him,” he said.

Savov allegedly defrauded multinational security company G4S of millions.

G4S is the same company currently under investigation by the department of correctional services for allegedly using forced injections and electric shock treatment to control inmates at the Mangaung Correctional Centre.

Savov is also allegedly the manager of Groep Twee Beleggings and owner of Scara Technologies – both respondents in the South African Revenue Service’s (Sars’) action against Krejcir.

On Friday, Sars obtained a court order, placing all Krejcir’s assets – including 14 companies, 11 cars and his home – under the control of a curator.

Ramoloko stressed that the Savov case had nothing to do with the “underworld or Radovan”.

“You can’t complete an investigation into a R10 million case in a couple of days. That’s why it took us this long to finally arrest him. It has no ties to the underworld,” he said. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

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