National
NPA seeks to appeal Fidentia sentence─── 16:51 Fri, 24 May 2013
The National Prosecutions Authority has applied for leave to appeal against the sentence given to former Fidentia boss J Arthur Brown.
Papers were filed on Friday in the Western Cape High Court, NPA spokesman Eric Ntabazalila said.
Brown was convicted on two counts of fraud after he admitted making misrepresentations in handling investments for the Transport Education and Training Authority and the Mantadia Asset Trust Company.
Judge Anton Veldhuizen handed down a R75,000 fine on each count, as well as an 18-month prison sentence, suspended for four years, also on each count.
The sentence drew wide criticism, with the Financial Services Board (FSB) stating that the sentence would not deter white-collar crime.
Sapa
Papers were filed on Friday in the Western Cape High Court, NPA spokesman Eric Ntabazalila said.
Brown was convicted on two counts of fraud after he admitted making misrepresentations in handling investments for the Transport Education and Training Authority and the Mantadia Asset Trust Company.
Judge Anton Veldhuizen handed down a R75,000 fine on each count, as well as an 18-month prison sentence, suspended for four years, also on each count.
The sentence drew wide criticism, with the Financial Services Board (FSB) stating that the sentence would not deter white-collar crime.
Sapa
