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IOLProperty - South African Property For Sale
Thursday Aug 02, 2012

Machanik trial postponed

The trial of property mogul Wendy Machanik was postponed on Tuesday by the Johannesburg Specialised Commercial Crimes Court.

The defence asked for a postponement in order to obtain a correctional supervision report from the department of correctional services.

Machanik was due to enter into a plea agreement in terms of the Criminal Procedure Act, which permits a guilty plea in exchange for information.

The report, which ensures that details such as a stable residential address were on record, was needed before the plea could be finalised.

Machanik and her co-accused Bruce Bernstein were arrested last year on charges of conspiracy to commit fraud, failure to keep accounting records and failure to reflect over 100 transfers between the company's trust and business accounts.

The amount involved is around R28 million.

Magistrate Phillip Venter postponed the trial to October 19.

Sapa

 
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