Suva High Court Judge Justice Daniel Goundar has reversed a ruling by the Suva Magistrates Court which granted bail to two Cyprus nationals jointly charged with 293 counts of money laundering and attempt to obtain property by deception.
The Office of the Director of Public Prosecutions had appealed against the ruling by the Suva Magistrates Court on 23rd February this year which granted Loizos Petridis and Cleanthis Petridis bail.
The two were allegedly using fraudulent mastercards to withdraw money from BSP ATMs nationwide and these bank cards had no inscriptions.
The issue was brought to the attention of Police by a BSP employee.
The two were residing at an apartment in Knolly Street and were allegedly paying off certain locals to send money to people in other countries including Bulgaria.
The total amount of money allegedly fraudulently obtained in this case was $209,000 with only a certain amount remitted to Bulgaria and other countries.
29 black mastercards and laptops containing information of various individuals was seized by Police.
The two arrived in Fiji from Cyprus on tourist visas and were arrested on the 19th of December last year.
The case will be called again on the 20th of this month.
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