May.13, 2010, Source: Legalbrief Forensic
It says the details of the alleged crime are contained in papers filed in the South Gauteng High Court. A South African representative of the Laiki Bank, which is registered in Greece and Cyprus, says Jackson opened two accounts with the bank in 2007. Alekos Panayi says in his affidavit that he picked up large amounts of money from Jackson's home and effected illegal transactions by giving the cash, roughly R500 000 at a time, to South Africans with foreign bank accounts. These South Africans then transferred similar amounts to Jackson's off-shore account. Jackson later phoned him to accuse him of theft and threatened to kill him and his family, Panayi says. At a later meeting, Jackson allegedly assaulted Panayi. The Laiki Bank has since withdrawn its operations in SA.