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Machanik case not concluded

No plea agreement was reached in court, amid concerns around the former property tycoon's tax issues.

Wendy Machanik. Picture: SAPA
Criminal Procedure Act,Wendy Machanik,Bruce Bernstein
Local Business

JOHANNESBURG - A plea deal in property tycoon Wendy Machanik's fraud case was not concluded on Monday, as a concern around tax arose during negotiations.

Machanik and her co-accused Bruce Bernstein were arrested in 2011 on charges of conspiracy to commit fraud involving around R28 million.

Negotiations around a plea agreement involving disgraced property Machanik have been ongoing.  

It was expected that talks would be finalised on Monday but the matter was instead postponed until the end of July.

Machanik was negotiating a plea agreement in terms of section 105(A) of the Criminal Procedure Act which will see her plead guilty in exchange for her testimony.

Prosecutors confirmed the delay was around a tax issue that still needed to be clarified.

Machanik and her co-accused Bernstein are accused of failing to reflect over 100 transfers between the company's trust and business accounts and conspiring to commit fraud involving R28 million.

(Edited by Clare Matthes)

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