Ex Fidentia CEO gets 15 year custodial sentence
Dube Tshidi, Executive Officer at the FSB, says Brown's previous sentence of a R150 000.00 fine or 36 months in prison, was a complete miscarriage of justice.
"The previous sentence simply did not acknowledge the severity of Brown's crime and the significant impact his actions had on thousands of poor South Africans. We are extremely pleased that the court has recognised this and instead decided to impose a custodial sentence of 15 years for each of the two counts for which he was charged. This is a great day for South Africa's justice system and for our citizens. It shows that no matter who you are, if you break the law, you will be prosecuted -and sentenced appropriately."
Brown was convicted last year after he pleaded guilty to two counts of fraud which, inter alia, allowed him access to funds intended for the beneficiaries of Mantadia (Matco) which was renamed the Living Hands Umbrella Trust by Fidentia.
"This judgement attests to the quality of the investigations conducted by the FSB. On the strength of what was uncovered by our team, Brown not only admitted to the crimes he committed but also acknowledged that these were "not mickey mouse charges". The initial decision to fine him was truly ill-conceived. We are very pleased that our justice system has now acknowledged the seriousness of this case and acted to sentence Brown appropriately."
Insurance Biz proudly displays the "FAIR" stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council's website, www.presscouncil.org.za or email the complaint to enquiries@ombudsman.org.za. Contact the Press Council on 011 4843612.
Leave a Comment