Panday granted R200 000 bail

2012-04-19 12:39

Durban - Businessman Thoshan Panday was granted R200 000 bail in the Durban Magistrate's Court on Thursday.

Magistrate Sharon Marks ordered Panday not to communicate with any member of the South African police, unless through his attorney. He was not allowed to interfere with any police investigation or State witness.

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

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

  • Felix - 2012-04-19 13:00

    Wow, he has definitely earned a seat in our government when he gets out (of the hospital or golf course) in around three months.

  • Kala - 2012-04-19 13:11

    R200 000.00 is pocket change for these fraudsters.

  • roberta.keeling - 2012-04-19 13:11

    Shame! Obviously he has no friends in high (ANC) places. Mind you - the trial is not over yet. He may grease a few palms and then Poof! The magic dragon will make it all go away!

  • Denzil - 2012-04-19 13:12

    I wonder if he will stay in hospital after he pays his bail ?

  • Du Mabaso - 2012-04-19 13:41

    R20 000 000 m bail wuld have been suitable not this amount. The man is obviously loaded n does not know how to spend his fortune

  • Thoka - 2012-04-19 13:47

    this serves them well take his cousin with Mr V Panday

  • Roy - 2012-04-19 15:30

    "unproven allegations" - yes they're not yet proven, but given the fact that there are 2 cases involving him trying to interfere with police/investigators surely that is enough? Thats like catching a rapist in the act and then saying he can have bail because it hasn't been proven that he raped!! He must have some ANC bigwig pulling some strings

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