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Sanlam administrator who stole R6.1m in pensions gets 15-year sentence

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A Sanlam employee who swindled investors out of R6.1m in pensions has been jailed for 15 years.

The Pretoria specialised commercial crime court sentenced Loyd Koketso Tshotlang, 34, this week for 16 counts of theft.

Lumka Mahanjana, spokesperson for the National Prosecuting Authority , said between June 2020 and June 2021, Tshotlang “processed and paid pensions and provident funds meant for investors or members to his account for his personal use”.

 

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Stealing in the private sector you go to jail as oppose to stealing when you a government employee where you get promoted.

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