Bail for tycoon, ex-cop denied

2011-10-01 00:00

ACCUSED fraudster Thoshan Panday and his co-accused, former police officer Navin Madhoe, were yesterday sent to Westville Prison for the weekend when their bail hearing was adjourned.

Allegations that Panday had firearms in his possession and was transporting large amounts of cash when police searched a car his brother-in-law was driving were disputed in opposing affidavits.

“The guns belong to my brother, and he was taking them to his house to put in a safe, and the money was for suppliers,” the court heard.

The state also claimed that Panday used fraudulently obtained funds to buy a Ferrari worth R2,5 million.

Panday’s arrest came after a sting operation in which supply-chain management police officer Madhoe allegedly attempted to bribe Johan Booysen, the head of the Hawks in KZN, to backdate a document, on Panday’s instructions.

Madhoe was arrested moments after he put a suitcase containing almost R1,3 million into Booysen’s car. The funds were apparently made available by Panday.

Panday, the focus of a probe into a R60 million police accommodation tender, was arrested at O.R. Tambo International Airport last Saturday.

Last year Panday allegedly organised and paid for a birthday party for Brigadier Lucas Ngobeni, the husband of KZN police chief Lieutenant-General Mamunye Ngobeni. The Ngobenis are being interviewed by the Hawks for their role in the tender and sources say more arrests are imminent.

The hearing resumes in the Durban Magistrate’s Court on Monday.

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