Two Cyprus nationals facing money laundering charges have made an application before the Suva High Court for the release of their cash bail bond.

Loizos and Cleanthis Petridis were given bail by the Magistrates court, but it was revoked in the High Court, however, their bail bond payment of $5,000 each was never returned.

The Judge informed the Defense counsel to take the matter to the Magistrates Court where the bail was set.

The brothers face charges involving the use of scanners for the withdrawal of cash from several ATMs in Suva two years ago.

On the first count of money laundering, it’s alleged in December 2017, they were engaged directly or indirectly in obtaining $95,590 knowing it was the proceeds of crime.

For the second count of attempting to obtain property by deception, it’s alleged they procured $41,540 from BSP with the intention to permanently deprive the bank of the money.

There is another count involving $203,009 suspected of being proceeds of crime.

Their trial is expected to start later this year.

The matter has been adjourned to April 30th.