• All Share : 55188.337
    UP 0.92%
    Top40 - (Tradeable) : 48965.3579
    UP 1.15%
    Financial 15 : 17911.3643
    UP 0.09%
    Industrial 25 : 69888.1585
    UP 0.96%
    Resource 10 : 44222.0114
    UP 2.69%

  • ZAR/USD : 12.1307
    DOWN -0.01%
    ZAR/GBP : 18.3281
    DOWN -0.27%
    ZAR/EUR : 13.1386
    DOWN -0.32%
    ZAR/JPY : 0.1012
    DOWN -0.30%
    ZAR/AUD : 9.4697
    DOWN -0.19%

  • Gold US$/oz : 1179.59
    UNCHANGED0.00%
    Platinum US$/oz : 1124.5
    UNCHANGED0.00%
    Silver US$/oz : 15.75
    UNCHANGED0.00%
    Palladium US$/oz : 772.3
    UNCHANGED0.00%
    Brent Crude : 65.28
    UNCHANGED0.00%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Mon Apr 27 10:57:35 SAST 2015

Fidentia case postponed

Sapa | 07 February, 2013 15:17
Former Fidentia boss J Arthur Brown leaves the Cape Town Magistrates Court with his lawyer, William Booth.
Image by: ESA ALEXANDER

The fraud and corruption trial of ex-Fidentia CEO J Arthur Brown was postponed in the Western Cape High Court on Thursday.

Brown and Jannie van Vuuren, for the State, would sit together for a week and discuss further admissions that could be made to shorten the trial.

The trial was expected to resume on February 18, with the calling of a new witness.

Brown is on trial for allegedly running a pyramid scheme and using investors' funds for his personal gain.

He has pleaded not guilty to four counts of fraud, two of corruption, one of money-laundering and two of theft.

Some of the charges relate to him allegedly soliciting a R200 million investment from the Transport and Education Training Authority (Teta) by giving former Teta CEO Piet Bothma a R6 million bribe.

Prosecutor Thersia Du Toit-Smit told Sapa she would be in Johannesburg next week for Bothma's trial in the Specialised Commercial Crimes Court.

Former Fidentia director Steve Goodwin was expected to testify against Bothma.

Goodwin served almost five years of a nine-year prison sentence for fraud and was recently released under correctional supervision.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.