Convicted fraudster J Arthur Brown’s urgent bail bid has been dealt a blow.
His application was filed in the Western Cape High Court on Tuesday.
Brown, a former Fidentia boss, is serving a 15-year prison sentence for fraud.
Reports say Brown’s bail application was postponed to next year, while one media report suggested it was “dead in the water.”
The convicted fraudster had applied for leave to appeal his jail sentence handed down by the Supreme Court of Appeal in Bloemfontein.
Brown was convicted on two fraud charges for misrepresentations he made while handling investments for the Transport Education and Training Authority and the Mantadia Asset Trust Company between 2002 and 2006.
The Western Cape High Court initially slapped him with a R150,000 fine and a suspended jail term, but the sentence was later overturned.
Brown was first arrested in 2007 in one of the biggest financial scandals to hit the country.
He originally faced 192 charges.
Brown was accused of using investor funds for personal gain.