Guarantors risk $200,000

TWEED landholder and businessman William John Stock, who faces serious drug charges, has been given court approval to travel overseas.

Two long-time friends and business associates attended Lismore Local Court to confirm they had no issues with his travel arrangements and would continue to be his $200,000 bail sureties.

Stock, 54,a former Banora Point resident who now resides on his property at his Cudgera Creek, is pleading not guilty to charges of enhanced indoor cultivation of cannabis for commercial purpose at Cudgera Creek between January and June 2008; supplying a prohibited drug - cannabis; dealing with property suspected to be proceeds of crime; and taking part in the cultivation of a commercial quantity of cannabis in June 2008 - 475 plants.

His application to vary bail conditions for police to return his passport and allow him to travel overseas from January 25 to March 2, 2010, was not opposed by the Crown.

When the matter was previously mentioned earlier this month magistrate Michael Dakin requested that his two surety guarantors attend at the court.

Peter Wallace Neave, 59, a company director from Surrey Hills and Deanne Castronni, 47, also from Sydney, are jointly liable to forfeit $200,000, - $100,000 each - if Stock fails to attend at his Lismore Local Court committal hearing next March.

Both Ms Castronni and Mr Neave agreed in court to the bail variances, stating they knew it was for Stock to travel overseas.

Stock and Mr Neave have been business partners in an ice cream parlour at Byron Bay.

Stock's co-accused, Wayne Lindsay Ruff,29, from Terranora, will also appear at the committal hearing.

As part of the bail variance, Stock must return his passport to Tweed Heads police by March 5.

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