LIMPOPO – Lephalale Magistrate’s Court today granted R150 000 bail each to two men accused of laundering R1.7 million.
The duo face charges relating to money laundering, fraud and contravention of Foreign Exchange Act and were after a long deliberation with their legal representatives, granted bail with strict conditions which among others includes reporting to their local respective police stations every Monday. They are also not allowed to leave the country during the trial, explained Spokesperson for the Hawks, Capt Matimba Maluleke.
Read more: R1,75 million smuggling: 52-year-old man arrested too
On 7 August, a 24-year-old man was arrested by police at the Stockpoort Border Post, as he was intending to cross the border into Botswana with undeclared money.The 52-year-old suspect was arrested when he paid a visit to his co-accused at the police holding cells.
Both suspects will appear again in the court on 24 October.
