Sharma is accused of having played a crucial role in the corruption which unfolded in the multimillion-rand Estina dairy project.
Addressing judge Joseph Mhlambi of the Bloemfontein high court, advocate Mannie Witz, for Sharma, offered the state what Mhlambi labelled an open cheque where they could suggest a bail amount, house arrest, him reporting to a police station every day and even fitting him with an ankle bracelet, if they so wished.
Sharma is appealing an earlier decision by the Bloemfontein magistrate’s court to deny him bail last month, saying he was a flight risk. At the time, the state argued that Sharma had been “dishonest” with the court about his financial affairs, after it surfaced that he had failed to disclose that he had about R264m in a UAE business account.
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.
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