Willah Mudolo, one of the accused in a R100m case involving self-proclaimed Malawian prophet Shepherd Bushiri, will remain in custody after being denied bail on Tuesday.
Mudolo, who runs an investment firm and a property development company, appeared at the Pretoria magistrate’s court alongside his wife Zethu and Landiwe Ntlokwana for the verdict on his bail application. His wife and Ntlokwana are out on bail of R100,000 and R20,000 respectively.
The trio, together with Bushiri and his wife Mary, are facing charges of fraud, theft and money laundering involving more than R100m relating to an alleged investment scheme through a company owned by Mudolo and his wife.
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