It was found Steenkamp once spent R5m in one night on gambling while overseas.
The sentencing proceedings of a Boksburg woman recently convicted of stealing R537m from her former employer, began in a sitting of the Johannesburg Commercial Crimes Court at the Palmridge Magistrate’s Court on August 14.
On the afternoon of August 14, proceedings were abruptly adjourned and postponed to August 16 after she told the court that she was not feeling well and felt unfit to continue with arguments in mitigation of sentencing.In her testimony in mitigation of her sentence on August 14, Steenkamp blamed her illegal activities on her late husband, Mathys Steenkamp, who she portrayed as an abusive husband who forced her to commit the thefts.
The company launched its internal investigation and a case was subsequently opened and it was further investigated by the Hawks Serious Commercial Crime Investigation.Dawes told the court that it was a “complex matter” but would try to explain it in the simplest term. “So, you had R537m that made its way to the bank account of the accused and her deceased husband,” Dawes told the court.
“Medtronic was required to settle that amount Steenkamp defrauded SARS – but that didn’t stop there as SARS levied interest on that amount; about R200m. “Of the identified 336 transactions that went to the questionable accounts, 65 of them with a total value of about R11m went direct to the accused’s account and the balance went to her husband’s account,” the court heard.
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