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“With the proceeds of crime, he bought himself luxury items and an expensive lifestyle. After internal investigations by Sanlam, Tshotlang was arrested on June 29 2021 and has been in custody since, after the NPA successfully opposed bail,” said Mahanjana.
Tshotlang pleaded guilty to the charges and expressed remorse. But prosecutor advocate Tshepo Nkadimeng argued Tshotlang was in a position of trust and abused it by “stealing millions from his employer because of greed and his desire to live a life of opulence”.
“The magistrate agreed with the state and said the consequences of Tshotlang’s crime were severe. The money stolen was investments of people with an understanding that they will financially gain. Moreover, his conduct tarnished the image of Sanlam among its investors and clients. Therefore, the sentence given was appropriate,” said Mahanjana.
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