A 59-year-old Dutch national who resides in Plettenberg Bay has been ordered to forfeit R13.4 million to the State following a conviction for fraud and theft, Cape town Etc reports.
This decision, rendered by the Bellville Commercial Crimes Court, marks a stern stance against white-collar crime in South Africa and underlines the consequences of financial misconduct.
The court found Martin Lennard Korver guilty of fraud involving R6.8 million and theft amounting to R4 million, with the total loss estimated at R10.9 million.
While he received a sentence of 10 years direct imprisonment for each count, both sentences were wholly suspended for five years on the condition that he remains free of any further charges related to fraud, theft, or other dishonest activities during the suspension period.
In addition to the suspended sentences, the court imposed further penalties that include 36 months of correctional supervision, characterised by house arrest for 24 hours a day, with the exception of working hours on weekdays.