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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.

- KIM SWARTZ

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.

Cape Times'den DAHA FAZLA HİKAYE

Cape Times

Cape Times

US can leverage Russian-held assets for Gaza’s reconstruction

IN RECENT days there has been a lot of discussion about the idea of US President Donald Trump establishing the Board of Peace as part of a broader initiative to address global conflicts, particularly focusing on the reconstruction of Gaza following the Israel-Hamas conflict.

time to read

3 mins

January 30, 2026

Cape Times

Cape Times

Global gold demand hits all-time high as economic uncertainty persists

GLOBAL gold demand reached record highs last year, with, for example, long queues seen outside bullion dealers in Australia, while in China demand for investment purposes outstripped buyers of gold jewellery for the first time.

time to read

2 mins

January 30, 2026

Cape Times

Voters may pivot now that trust is broken

Citizens are choosing resistance and informality over submission

time to read

4 mins

January 30, 2026

Cape Times

Premier League's spending spree fuels Europe dominance

ENGLISH Premier League clubs have flexed their muscle on and off the field in Europe, with five English sides finishing in the top eight of the Uefa Champions League group phase.

time to read

2 mins

January 30, 2026

Cape Times

Cape Times

Stormers' revenge or Sharks' repeat?

Five battles that will decide derby

time to read

3 mins

January 30, 2026

Cape Times

NVIDIA BOSS HOPEFUL OF CHINA ALLOWING CHIP SALES

NVIDIA chief executive Jensen Huang expressed optimism yesterday that Beijing will permit the sale to Chinese buyers of a powerful Al chip model made by the US tech giant

time to read

1 min

January 30, 2026

Cape Times

Supreme Court rejects safari operator's defence after tourist fall

THE signing of an indemnity form and a disclaimer does not exempt a tour operator from liability.

time to read

2 mins

January 30, 2026

Cape Times

Cape Times

Glencore copper production surges 50% in second half

GLENCORE, a global mining group in merger talks with Rio Tinto, said Thursday full-year key commodity production was in line with guidance, while copper production surged.

time to read

2 mins

January 30, 2026

Cape Times

Double murderer found to be an untruthful witness

THE man who killed his two girlfriends, Lindokuhle Mbhele and Zinhle Zulu, in separate incidents and later claimed that one of them was attacking him, has been found guilty of the two murders by the Pinetown Regional Court in KwaZulu-Natal.

time to read

2 mins

January 30, 2026

Cape Times

Cape Times

Germany to harden critical infrastructure as Russia fears spike

GERMANY plans to better protect its critical infrastructure with a new law yesterday as surging tensions with Russia stoke fears of sabotage attacks and other national security threats.

time to read

3 mins

January 30, 2026

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