Former Fidentia boss appears in court
The state says alleged fraudster J Arthur Brown will make “substantial submissions”.
CAPE TOWN - Alleged fraudster J Arthur Brown’s embezzlement trial was postponed in the Western Cape High Court on Monday.
The matter was delayed in order to allow him time to make certain submissions.
Speaking in court on Monday, prosecutors said Brown intends making “substantial submissions” which could see the trial being expedited.
The content of the submission is not yet known.
The state also said it still needs to consult with Brown to get clarity on certain issues.
Judge Anton Veldhuizen said the move was encouraging and postponed the case until Tuesday.
Brown was arrested in 2007 and charged with four counts of fraud, two of corruption, two of theft and one count of money laundering.
He is accused of running a pyramid scheme and of using investors’ funds for his own personal gain.
Brown has pleaded not guilty to all the charges against him.