Former SA Steel Mills owner Rafik Mohamed has been detained at the Midrand police station in a development that could mark a significant escalation in investigations surrounding the troubled steel manufacturer.
Former SA Steel Mills owner Rafik Mohamed appeared in the Alexandra Magistrate’s Court in leg restraints on Wednesday as his bail application was postponed until 4 June.
The matter is expected to continue in the Specialised Commercial Crimes Court in Palm Ridge. Mohamed remains in custody.
Although the charges against Mohamed have not yet been publicly disclosed, they are understood to relate to the R1.1 billion corruption investigation involving funding the Industrial Development Corporation (IDC) provided to SA Steel Mills.
Mohamed was accompanied by a large group of supporters, some of whom said the case was a personal vendetta by Sachin Ahuja, the owner of a rival steel company, in a dispute arising from the sale of SA Steel Mills.
