Johannesburg - Former estate agent Wendy Machanik's criminal
case was postponed by the Johannesburg Specialised Commercial Crimes Court on
Thursday.
The case was postponed to October 5.
Machanik, the close corporation Wendy Machanik Property
Holdings, and its chief financial officer Bruce Bernstein are charged with
conspiracy to commit fraud, among other things. Machanik is out on bail of R25
000 and Bernstein is out on R5 000 bail.
They are charged with failing to keep accounting records and
failing to reflect over 100 transfers between the trust account and business
account.
The second charge is for failing to have accounting records
audited for 2008, 2009 and 2010. The alternative charge is failing to cause
financial statements to be made out for 2008 and 2009.
The third count is failing to notify the board of each trust
account that was opened. The final charge is for conspiracy to commit fraud.
They allegedly made irregular transfers totalling R28m from Wendy Machanik Property Holdings to a fictitious account.
Machanik allegedly used this money to keep her company
afloat and for personal expenses.
The Johannesburg High Court made a final order in May
prohibiting Wendy Machanik Property Holdings or Machanik herself from operating
"trust, savings accounts or other interest-bearing accounts".
In January, 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.
The move followed a successful court application by the
Estate Agency Affairs Board in December to place the agency's trust accounts
under curatorship, following the alleged financial irregularities in the
management of the accounts.