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SENTENCES ranging from a prison term of 17 years to a fine of N $ 8,000 today the end of the criminal trial of the investment of the N $ 30 million investment of the Social Security Commission more than 13 years ago. 19659002] Bringing the trial to a close in the Windhoek High Court, Judge Christie Liebenberg sentenced Nico Josea, who was found to play a key role in the theft of the SSC invested with an inexperienced company, Avid Investment Corporation, to an effective jail term of 17 years, while Josea's surviving co-accused were given the option of paying fine to stay out of jail.
Josea was convicted of the theft of N $ 29.5 million that belonged to the SSC. [19659003] Former Swapo Party Youth League Leader, deputy minister and member of parliament Paulus Kapia, who was a director of Avid Investment Corporation, fellow MP Ralph Blaauw, and Inez / Gâses, who was the chairperson of Avid, were each sentenced to pay a fine of N $ 60,000 gold served a three-year prison term. Judge Liebenberg, Judge Liebenberg, Judge Liebenberg, Judge Liebenberg, Judge Liebenberg, Judge Liebenberg. A result of misrepresentations they made to SSC managers to convince them to invest money with Avid in January 2005. Judge Liebenberg found that they were not aware, though, that the SSC's money was to be emboldened by the founder of Avid, the late Lazarus Kandara , Josea, Alan Rosenberg
Lawyer Sharon Blaauw, who was also a director of Avid, was sentenced to pay a fine of N $ 8,000 for a six-month jail term. It was found guilty of reckless conduct of business as a result of board resolutions of having ascertained that the documents, which were used to reassure the SSC of the safety of its investment with Avid, were correct.
Josea was also convicted of conducting business recklessly with an intention to defraud. On the charge, Judge Liebenberg sentenced him to two years' imprisonment, which he ordered to be served concurrently with the 17-year prison term on the charge.
The trial before judge Liebenberg started in May 2014, when all the accused
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