JCI Limited - Statement from Brett Kebble
Issued by Brett Kebble, chief executive of Johannesburg Consolidated
Investments (JCI)
6 December 2002
1. Along with my father, Roger, and colleague, Hennie Buitendag, I today
appeared in the Johannesburg Magistrates Court to answer to an unspecified fraud
charge, no doubt relating to share transactions conducted in 1999.
2. Our defence team will address the merits of the case in due course. It is
our unqualified view that the merits are of dubious substance and that we will
be cleared of all charges.
3. In the meantime, we believe that it is in the public interest that certain
factors relating to the prosecution of this matter should be brought into the
public domain.
3.1. We have for three years attempted to bring this matter to a conclusion
that would have been in the best interests of all parties. Over the past year,
we have been given to understand that a settlement was desirable.
3.2. We have made every effort to reach a sensible settlement, mainly in the
interests of our shareholders and other stakeholders.
3.3. It is now clear to us that a determined effort has been made to elevate
what was initially regarded as a technical breach of JSE regulations to a
criminal charge of fraud against us.
3.4. A large team of investigators, led by a privately funded advocate, has
taken three years to develop a case on what is essentially a straightforward
matter. However, we welcome the application of due process and are confident
that our rights will now be protected.
4. We deny criminal wrongdoing and we will therefore defend the matter.
5. We want to assure our family, friends, colleagues and shareholders that we
will conduct our defence with determination, dignity and purpose.
For further information please contact Gail Strauss on 084-777-4060.
Date: 06/12/2002 05:50:18 PM Produced by the JSE SENS Department
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