Krejcir employee bail application postponed

2013-11-19 14:16

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2013-11-13 11:55

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Johannesburg - The bail application of Ivan Savov, a manager at Czech businessman Radovan Krejcir's Money Point business, has been postponed to Friday.

The magistrate was not at the Johannesburg Specialised Commercial Crime Court on Tuesday because he was ill.

Prosecutor Richard Tshabalala said: "I do not think it will be wise to do the bail application today."

The State was also awaiting more information from the home affairs department.

"Home affairs must explain how Savov obtained a South African identity document, and an explanation on how he came into the country and his movement inside the country," said Tshabalala.

The court was also waiting for a Bulgarian interpreter.

Savov is accused, along with bank employee Voyolwethu Koboka, of fraud and money laundering.

Savov was arrested at the Money Point gold and diamond exchange's office in Bedfordview, on the East Rand, last week on Thursday.

On Tuesday last week, two people were killed in an explosion at the premises.

The charges against Savov and Koboka were not related to the blast.

Koboka allegedly made unauthorised transfers amounting to R12m from Bloemfontein Correctional Contracts, according to a draft charge sheet.

The money was allegedly transferred to an attorney's account before allegedly being moved into Savov's bank account.

Read more on:    radovan krejcir  |  johannesburg  |  fraud

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