• All Share : 47599.25
    UNCHANGED0.00%
    Top 40 : 3867.97
    UNCHANGED0.00%
    Financial 15 : 13838.75
    UNCHANGED0.00%
    Industrial 25 : 56772.39
    UNCHANGED0.00%

  • ZAR/USD : 11.0153
    DOWN -0.01%
    ZAR/GBP : 17.8260
    UP 0.08%
    ZAR/EUR : 14.1251
    UP 0.18%
    ZAR/JPY : 0.1035
    UP 0.48%
    ZAR/AUD : 9.7079
    UP 0.16%

  • Gold : 1249.0400
    UP 0.19%
    Platinum : 1271.0000
    UP 0.63%
    Silver : 17.4940
    UP 0.44%
    Palladium : 763.2500
    UP 0.96%
    Brent Crude Oil : 85.600
    UP 0.23%

  • All data is delayed by 15 min. Data supplied by I-Net Bridge
    Hover cursor over this ticker to pause.

Tue Oct 21 07:24:15 SAST 2014

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.
Tue Oct 21 07:24:15 SAST 2014 ::