Shaik back in business?

10 June 2015 - 09:04 By SUTHENTIRA GOVENDER

Schabir Shaik's relaxed parole conditions will allow him to re-enter the business world. President Jacob Zuma's one-time financial adviser lost his bid to have his medical parole conditions converted to normal parole last month. But, last week, the Department of Correctional Services said his parole conditions had been relaxed on the basis of "good behaviour", saying this was standard practice.Under the terms of his original medical parole, Shaik was not allowed to attend extramural events at his child's school or go on religious pilgrimages with his family, among other things.Shaik was sentenced to an effective 15 years in jail in 2005 on counts of corruption and fraud.Although the authorities have refused to divulge the new terms of Shaik's parole, The Times has established that he has now been granted eight hours a day, instead of four, including at weekends, to engage in "recreational or work-related" activities.It is understood that Shaik recently met the parole board, which specified his revised parole conditions, under which he is not allowed to travel out of KwaZulu-Natal or abroad on business.Shaik, who has an engineering background, was the founder and a director of Nkobi Holdings, a Durban investment company.Shaik said: "I will try business again, normalise my life again. It will allow me to spend more time with my boy, who has already lost out on so much."He would not be drawn on his business plans but added that he would be playing more golf.He told The Times that he "sincerely appreciates the relaxing of my conditions".Shaik, who served only 28 months of his 15-year sentence, was granted parole on medical grounds in 2009 after his doctors said he was terminally ill.They said he was clinically depressed, was losing his eyesight, had had a stroke and would die from "severe" high blood pressure.But since his release he has been seen shopping, dining out and playing golf.The parole board originally allowed him six hours of free time a day but cut this to four after he was seen shopping outside his allotted free time.He is also allowed to attend his mosque on Fridays.His parole will end in 2021...

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