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Alleged drug-dealing banker claims he’s ‘well respected family ou’ in bail hearing
Daily Voice
|July 16, 2025
A WESTRIDGE laaitie-turned-big-shot banker says he’s not a drug dealer, but a family man, soccer coach and businessman who's being framed in a R18 million cocaine bust case.
Raed Cupido, 40, was back in the Cape Town Magistrates Court on Tuesday in a bid to apply for bail after a failed attempt to have the magistrate kicked off his case.
He was busted on 10 June at a storage unit in Roeland Street, where cops allegedly found 15 bricks of cocaine, an AK-47, five 9mm pistols and a stash of ammunition.
Pressured
The court previously heard that Cupido was pressured by a cop and former employee of alleged 28s gang boss Ralph Stanfield and his wife Nicole Johnson into saying that the drugs were theirs in exchange for his freedom.
This story is from the July 16, 2025 edition of Daily Voice.
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