Gupta family associate and businessman Iqbal Sharma is expected to apply for bail in the Bloemfontein high court on Friday.
The state said Sharma “presents an overwhelming flight risk who has the means and incentive to flee SA”.
Investigating officer Col Mandla Aloise Mtolo said no sum put up for bail was likely to act as a meaningful counterweight to incentivise Sharma to remain in the country. In her bail ruling, magistrate Estelle de Lange said the state had a strong case against Sharma and that should he be released on bail there was a possibility he would flee.
De Lange said Sharma had the incentives and financial means to evade trial. She said should he flee the country, the state would then have to go through a lengthy and costly process to get Sharma back. De Lange said the accused entering different countries without the necessary documents was also a possibility.
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