Johannesburg - A close Radovan Krejcir business associate was arrested by the Hawks last week for alleged fraud of R10 million.
The business manager of Money Point, where a blast killed two men last week, was arrested on Thursday at the scene.
The Hawks said a fraud case had been opened in February in Kliptown, Soweto, but the manager, Ivan Savov, had not been questioned. The Hawks said the first time they saw him was at the scene of the bombing.
The Hawks said the Bulgarian was allegedly the mastermind behind the looting of R10m from the accounts of multinational security firm G4S Secure Solutions.
Hawks spokesman Captain Paul Ramaloko said the reason for the fraud was a precious metals and gems deal that “went wrong”.
Ramaloko said that Krejcir had not been linked to the fraud.
G4S director Lourens Smit said the money had disappeared from the company’s Absa account. They had contacted the bank, which had launched an internal investigation through its fraud department.
Smit said the bank had returned the stolen funds.
Savov and a bank employee are set to appear in the Johannesburg Specialised Commercial Crimes court on Monday morning.
He has been mentioned in a Sars affidavit on a preservation order granted by the Pretoria High Court against Krejcir, his wife and son.
Savov is named as the manager of Crosspoint Trading 242, which trades as Money Point.
Savov was also mentioned in court in connection with the murder of Uwe Gemballa, a supercar specialist. When Gemballa arrived in South Africa, he was allegedly taken to a house rented by Savov.
Savov has claimed he was out of the country at the time of the German’s death and has denied Gemballa was killed at his home.
An Absa employee who had allegedly stolen the funds was also arrested. The Hawks said the money allegedly was transferred to an attorney’s account, then to Savov’s personal bank account.
Meanwhile, police have told The Star their probe into the blast at Money Point has not ruled out that the bomb was detonated by accident.
Last week, the pawn shop business was the target of a blast that killed two of Krejcir’s associates, Ronnie Bvuma and fellow Czech national Jan Charvat.
The Star