The matter was postponed for the continuation of Mudolo's formal bail application and for the tracing of the Bushiri couple‚ said the Pretoria magistrate's court.
The alleged crimes took place between 2017 and 2019. The state alleged during the proceedings that the accused had benefited via the scheme through two companies‚ despite the companies not being registered in terms of the Financial Advisory and Intermediary Services Act. Mudolo‚ whose bail application is being heard separately from the others‚ appeared shortly after the court ruled that the Bushiri's forfeit their R5.5m property at Midstream Estate to the state‚ after they skipped the country while out on bail.Co-accused Landiwe Ntlokwana and Zethu Mudolo also appeared in court briefly on Thursday.
“Please adhere to the bail conditions‚ or else your bail is going to be revoked. If you are going to Cape Town‚ you must report a week prior to your departure. If you have an emergency‚ also inform [authorities] what the emergency is all about‚” the magistrate told Ntlokwana.