• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Trial of Fidentia ex-boss commences

Nov 06 2012 09:15
Johannesburg -The trial of former Fidentia boss J Arthur Brown is expected to begin in the Western Cape High Court on Tuesday.

The trial was supposed to have started last month but it was postponed to allow a more senior judge to be appointed.

Brown faces nine charges of fraud, theft, corruption and money laundering related to Fidentia and six affected companies.

In the summary-of-facts document, Brown was accused of orchestrating a "huge" exercise of inflated assets valuations and backdating of documents.

He was also implicated in so-called asset swap agreements on the strength of "false" promissory notes in an effort to defeat the attempts of the Financial Services Board inspectorate to investigate and uncover the "true picture".
fidentia  |  j arthur brown


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote