Krejcir manager faces additional charges
Savov was a business manager at Money Point, Groep Twee Beleggings in Kloof Roadi n Bedfordview. The company was owned by Krejcir’s wife, Katerina Krejcirova, as well as Scara Technologies.
Ivan Savov, Radovan Krejcir’s business manager, faces three extra charges of fraud in addition to the R13-million fraud charge he already faces.
This is according to the prosecution team from the Johannesburg Specialised Commercial Crime Court on Tuesday, February 4.
Savov was a business manager at Money Point, Groep Twee Beleggings in Kloof Roadi n Bedfordview. The company was owned by Krejcir’s wife, Katerina Krejcirova, as well as Scara Technologies.
He was arrested with an Absa employee on November 14 on fraud and money laundering charges. It is alleged that Savov scammed a multinational security company out of nearly R13-million.
Captain Paul Ramaloko, the spokesperson for the Hawks said, “The charges relate to the fraudulent transfer of cash from the G4 security company’s account and into the trust account of a Johannesburg-based attorney. The money was later deposited into a Scara Technologies bank account. The money was deposited on the basis of a contract indicating that the company sold gold.”
In his bail application in November, Savov denied the charges against him in an affidavit and said they were a result of the hype around his boss, Krejcir.
