Banker bail bid rejected

A SUSPENDED banker and his co-accused who are believed to be “first receivers” for international drug cartels had their bail denied last Friday.

- BY KIM SWARTZ

Raed Cupido, 40, and co-accused Christopher Carlese, 36, returned to the dock at the Cape Town Magistrates Court for arguments and judgmentin their bid for bail.

The court heard that Cupido’s legal team of advocate Reuben Liddell and attorney Bruce Hendricks withdrew from the case due to “a lack of financial instructions and ethical reasons”.

Cupido is now being represented by attorney Junaid Jumat, who also represents Carelse in the matter.