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Banker bail bid falls flat
Daily Voice
|October 20, 2025
'COCAINE banker' Raed Cupido was denied bail again at the Cape Town Magistrate's Court on Friday.
Cupido was back innie hof after he was arrested on 10 June with 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.
Cupido rented unit 869 while his co-accused Christopher Carelse rented unit 868, which are located side by side.
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