Gqeberha accountant accused of stealing R52m from Spar will stay behind bars as bail appeal fails | News24

According to the charge sheet, Blow, who is a director of his own firm, PE Accounting Solutions Ltd. [PEAS], worked as an accountant for Sunridge Spar and Despatch Spar, both in the Nelson Mandela Bay metro.

During the period between July and September last year, Blow allegedly stole R40 590 000 from Sunridge Spar and transferred the money into the PEAS bank account.The charge sheet stated that, during the same period, Blow paid back more than R16 million into Sunridge Spar's bank account, bringing the outlet's total loss suffered to R24 288 000.

In an affidavit in support of his application, Blow claimed that he was not planning on staying in the UK permanently, but only to work and make enough money to pay off his two overdraft accounts, which amount to more than R500 000.

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