Former Steinhoff chief financial officer (CFO) Andries "Ben" la Grange was yesterday sentenced to five years in prison.
La Grange appeared in the Specialised Commercial Crimes Court in Pretoria, where the ruling was delivered.
He initially faced charges of racketeering, fraud and failure to report fraudulent activities.
In June, he was granted bail of R150 000 under strict conditions.
After previously signalling his intention to plead not guilty, La Grange entered into a plea and sentence agreement with the state in terms of section 105A of the Criminal Procedure Act.
The former Steinhoff executive was sentenced to 10 years in prison, with five years suspended, after pleading guilty to one count of fraud involving over R367 million.
The suspension was on condition that he be not convicted of fraud during the period.
Bu hikaye The Citizen dergisinin October 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Citizen dergisinin October 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Nabi calls for fearless game
Kaizer Chiefs coach Nasreddine Nabi (above) is confident that Amakhosi can build from this past weekend's victory over Chippa United.
This sports-mad country has a lot to be proud of
Goodbye 2024! What a year it was. Bafana Bafana, the Springboks and the Proteas men's and women's cricket teams all brought joy and happiness to our country.
Injuries 'pile pressure' on Sharks
Sharks head coach John Plumtree is frustrated with a string of injuries that left his team without experienced players by the end of their 24-20 loss to the Stormers in their United Rugby Championship (URC) game at Cape Town Stadium at the weekend.
Bucs not yet up to scratch
Jose Riveiro has admitted that Orlando Pirates were not at their best during their game against Magesi FC, but the Spanish coach was delighted with the scrappy win.
Sacha takes yet another knock
DOBSON: WORRIED ABOUT UTILITY BACK'S CONFIDENCE
Rohit 'disturbed' by his batting form
India captain Rohit Sharma (right) admitted yesterday his batting form is \"disturbing\" after a double failure in the 184-run fourth Test loss to Australia in Melbourne.
Call for more red ball games
South Africa's win against Pakistan in the first Test of two in Centurion on Sunday secured their place in the World Test Championship final at Lord's next June, but the challenge in the coming months will be to find time and opponents to prepare properly for that big match.
Aussie skipper's 'greatest' Test
CUMMINS: 'RIGHT AT THE TOP' OF GAMES HE HAS PLAYED
Celtic Seem Unstoppable
Celtic opened up a 14-point lead at the top of the Scottish Premiership over Rangers with a 4-0 thrashing of St Johnstone, while their Glasgow rivals were held 2-2 at Motherwell on Sunday.
'Relief' is Pep's overriding emotion
Manchester City boss Pep Guardiola (right) said relief was his overriding emotion after a 2-0 victory at Leicester secured just a second win in 14 games for the crisis-hit English champions on Sunday.
