The National Prosecuting Authority welcomed the sentences handed to Dimakatso Prudence Ramakgole, 34, Seatile Pauline Senoamadi, 44, and Motsiri Peter Ramahlarerwa, 58, and said it hoped the sentence will deter other would-be offenders from committing such crimes.their capacity as Absa employees in Limpopo and Gauteng when they accessed the portfolios of JSE Trustees and Samancor Foundation without authorisation.
“On August 12 2019, a transfer of R30m was made from Samancor Foundation, and on September 23 2019, an overall amount of more than R158m,” she said. However, in aggravation of sentence, state advocate Sammy Mogoshi submitted that the accused committed a serious offence which involved different role players, and this was an indication that they did not respect the law.
While politicians are free as if nothing has happened
The JSE has banned former Steinhoff CEO Markus Jooste from serving as a director on any company listed on the JSE for the next 20 years. This is part of the JSE's public censure against Jooste, who was at the centre of the country's big fraud scandal - Times live.
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Three bank employees sentenced to 15 years in jail for R190m fraudThe Mokopane regional court has convicted and sentenced three bank employees to 15 years direct imprisonment each for defrauding the Johannesburg Securities Exchange (JSE) and Samancor of funds amounting to R190m. WoW... thank you for coming for my help I really appreciate you, i promise to spread your good works to everyone listening ones MarkdonadLisa1 Meaning after 7 years they'll be free from jail to come enjoy the hidden loot 🙆🙆🙆
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