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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.

- BY KIM SWARTZ

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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