Gupta associate Iqbal Sharma the former Transnet bord member has been granted bail of R500,000.
On Wednesday the 14th of July 2021, the bail was granted to him through a virtually conducted judgement by Judge Joseph Mhlambi in the High Court in Bloemfontein.
Sharma has since been facing fraud charges alongside 16 others for defrauding the Free State Agricultural Department of R25 million in 2015.
He was previously denied bail as he was perceived to be a flight risk, but he appealed.
Mhlambi attached R600 000 of Sharma’s retirement annuity to the bail.
He has also been ordered to disclose his financial assets and that of his wife and his offshore assets within 14 days of the judgment.
Mhlambi put strict conditions to Sharma’s release.
He is not allowed to apply for travel documents, approach borders, leave Gauteng, nor his home and he is expected to report to the Sandton police station three times a week.
Sharma was also ordered not to contact any witnesses.
See Cristiano Ronaldo Preferred Coach For Man United Job
Manchester United striker, Cristiano Ronaldo, wants Luis Enrique to take over the coaching job of Manchester United following the sacking...
This Is Worse For Me – Solskjaer Breaks Silence After Their Historic Match Against Liverpool, Says They Performed Poorly
Chelsea Vs Norwich: Why We Didn’t Stop Scoring – Tuchel
UCL: J Cole Reveals Chelsea’s Two Most Important Players
Ballon d’Or: Why Benzema Deserves The Title – Modric
Winning The Ballon d’Or Have Been One Of My Childhood Dreams – Benzema
Brazil Legend, Ronaldo Declares His Candidate For Ballon d’Or, Excludes Messi
Vusi Nova Retracts His Words, Says He Is Not Rebranding Or Changing His Stage Name
Recall that a few days ago we reported that Vusi Nova is rebranding his musical career and also changing his...
Nokwazi Reveals The Condition She Was Into When She Wrote Siyabonga Song
South African songstress, Nokwazi has disclosed the condition she was into when she wrote the viral Siyabonga song. The singer...
Khuli Chana Is Opening A New Studio, See The Interior View (Photos)
Khuli Chana is about to take his musical career to the next level as he reveals that he is opening...
Cassper Nyovest Drops 70K Pounds For A Gold Necklace Says It’s An Early Birthday Gift For Himself
South African rapper, Cassper Nyovest is living his life as he splashes a whopping 70,000 silver pounds for a gold...
Sonia Mbele Is Now A New Business Owner – See The Business She Ventured Into!
South African actress, Sonia Mbele have decided to spread her hand into multiple chains of business as she ventures into...
Keep Chasing Those Dreams & Keep Winning – Simz Ngema Applauds Self
South African actress, Simz Ngema has taken time to applaud herself with an appreciation message via her official Instagram page....
A spooky Christmas tree set up in a Canadian shopping mall sparks outrage among locals
A large Christmas tree measuring 15 meters was set up in a shopping mall in Canada. A huge face with...