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Cape Town - Former Fidentia boss J Arthur Brown was sentenced on Monday to in effect 15 years in jail after the Supreme Court of Appeal set aside his previous sentence for fraud.
Brown received 15 years' imprisonment on each of two fraud charges. The sentences would run concurrently.
The National Prosecuting Authority (NPA) had appealed the R150 000 fine and suspended jail term handed down by the Western Cape High Court last May.
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Brown was convicted of two fraud charges relating to his handling of investments for the Transport Education and Training Authority and the Mantadia Asset Trust Company between 2002 and 2006.
He had originally faced 192 charges.
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The appeal was heard last month.
"It wasn't just about the amount involved. It was about the impact that the commission of the crime had," NPA spokesperson Nathi Mncube said.
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He said Brown would have to report to the nearest prison as soon as possible to begin his sentence.
His legal team had not yet made contact with the NPA.
* This article has been updated to rectify Arthur Brown's previous sentence of R150 000 fine. Sapa erroneously reported a fine of R75 000.
