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Suspended banker claims police violated his rights in R18 million cocaine bust
Cape Times
|October 15, 2025
SUSPENDED banker Raed Cupido claims that his constitutional rights were infringed after cops nabbed him with cocaine worth R18 million.
Cupido and co-accused Christopher Carelse recently returned to the Cape Town Magistrate's Court where Cupido presented a new bail application.
Cupido will learn his fate on Friday after both accused were denied bail two months ago. Cupido was arrested on June 10 over 15 bricks of cocaine worth an estimated street value of R18 million, an AK-103 Rifle, Uzi Pro Rifle, five semiautomatic firearms and 130 rounds of ammunition inside a storage unit in Roeland Street.
Meanwhile, Carelse is alleged to be his accomplice, with the State claiming that they are so-called “first receivers” of drugs being smuggled into the Cape.
This story is from the October 15, 2025 edition of Cape Times.
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