Alleged Gupta family fixer Kuben Moodley has been released on R150,000 bail.
The Johannesburg specialised commercial crime court granted the bail on Wednesday after it dismissed the state's request for a postponement in Moodley's bail application.
Moodley applied for bail on Wednesday after his arrest at OR Tambo International Airport on Tuesday evening. He was on his way to Dubai when he was taken into custody on charges of fraud, theft, corruption and money laundering.
His arrest is linked to alleged money laundering of the proceeds from contracts improperly awarded by Transnet to Regiments Capital and Trillian, as well as theft by Regiments Fund Managers from the Transnet Second Defined Benefit Fund.
Moodley presented an affidavit saying he posed no danger to the functioning of the criminal justice system or the bail system.
'Gupta fixer' Kuben Moodley released on R150,000 bail after arrest at airport
Image: Ernest Mabuza
Alleged Gupta family fixer Kuben Moodley has been released on R150,000 bail.
The Johannesburg specialised commercial crime court granted the bail on Wednesday after it dismissed the state's request for a postponement in Moodley's bail application.
Moodley applied for bail on Wednesday after his arrest at OR Tambo International Airport on Tuesday evening. He was on his way to Dubai when he was taken into custody on charges of fraud, theft, corruption and money laundering.
His arrest is linked to alleged money laundering of the proceeds from contracts improperly awarded by Transnet to Regiments Capital and Trillian, as well as theft by Regiments Fund Managers from the Transnet Second Defined Benefit Fund.
Moodley presented an affidavit saying he posed no danger to the functioning of the criminal justice system or the bail system.
The state indicated it was not ready to present its affidavit opposing bail and sought the postponement until Friday.
However, the defence opposed the state's application.
Magistrate Jeremy Jansen van Vuuren refused the state's request for postponement and said it had not shown that it was in the interests of justice for a further postponement and for Moodley to be kept in custody.
Moodley's attorney Piet du Plessis asked for bail to be set at R100,000 but the court imposed the higher amount.
The matter was postponed to February 28 next year.
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