Johannesburg - Former estate agent Wendy Machanik has been
fined R1.5m after pleading guilty to 90 counts of theft, Business Day newspaper
reported on Tuesday.
The plea and sentence agreement was made an order of the Johannesburg
Specialised Commercial Crimes Court on Monday. She was ordered to pay R300 000
upfront and the remainder in monthly instalments.
Last month, she pleaded guilty to thefts involving R27m.
Her lawyer Sam Cohen said he was "confident" she
would be able to pay the fine in monthly instalments of R25 000.
The court withdrew charges against her co-accused Bruce
Bernstein, who was the chief financial officer of Wendy Machanik Property
Holdings.
The two were arrested last year on charges of conspiracy to
commit fraud, failure to keep accounting records, and failure to reflect over
100 transfers between the company's trust and business accounts.