Fugitive Portuguese banker hiding out in SA arrested in Durban

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South Africa Headlines News

A fugitive banker wanted in Portugal on fraud charges involving €41m (about R740m) was arrested in SA early on Saturday.

http://joaorendeiro.com/

Naidoo said the arrest was preceded by a meeting between SAPS commissioner Gen Khehla Sitole and Judicial Police head Luis Neves at the Interpol general assembly in Istanbul, Turkey. "The fugitive will appear for the first time in the Durban magistrate's court on Monday as part of his extradition process."

Rendeiro said he would return to Portugal only if he received a presidential pardon, but at a news conference in Lisbon on Saturday Neves said the Judicial Police had been tracking him since he left the UK on September 14 and arrived in SA on September 18. However, investigators found Rendeiro had made “an investment in SA with which he believed he had guaranteed his freedom. It was, therefore, that he was very surprised when he was arrested this Saturday at 7am”.

 

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