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Machanik back in court

Feb 17 2012 08:23

Johannesburg - Former estate agent Wendy Machanik's criminal case is set to continue in the Johannesburg Specialised Commercial Crimes Court on Friday.

Machanik and the chief financial officer of Wendy Machanik Property Holdings, also its chief financial officer, Bruce Bernstein, had their case postponed in October last year.

This was to allow the defence counsel to submit representations to the National Director of Public Prosecutions.

The two face charges that include conspiracy to commit fraud, failing to keep accounting records and failing to reflect over 100 transfers between the trust account and business account.

Machanik is out on bail of R25 000 and Bernstein is out on R5 000 bail.

The high court in Johannesburg made a final order in May last year, prohibiting Wendy Machanik Property Holdings or Machanik herself from operating "trust, savings accounts or other interest-bearing accounts".

The high court ruled Machanik should not be granted a fidelity fund certificate for 2011, which would have allowed her to operate as an estate agent.

wendy machanik


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