Cape Times reports that Standard Bank has suspended one of its marketing managers following his arrest in connection with a major drug and firearms bust.
Raed Cupido, 40, was arrested on 10 June at a storage unit in Roeland Street, Cape Town, where police allegedly discovered 15 bricks of cocaine worth R18 million, an AK-47 rifle, five 9mm pistols, and a stash of ammunition in his possession. In light of the ongoing criminal case, Standard Bank said the employee had been suspended pending the outcome of the legal proceedings. “Standard Bank has a zero-tolerance policy towards criminal activity. As per the Bank’s established practice, the Bank has suspended a marketing manager in its employ, pending the outcome of criminal proceedings. Standard Bank confirms that in the event that the Bank is approached by law enforcement, it will ensure full co-operation,” the bank said.
- Read the full original of the report in the above regard by Nicola Daniels at Cape Times
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