Sequestration order on OM employee final

THE Port Elizabeth High Court granted an order yesterday for final sequestration against a former financial consultant who was paid R1.7-million by Old Mutual Life Assurance Company to lure him away from his previous employer.

Acting Judge Nyameko Gqamana granted the order following a provisional sequestration order granted last month.

The company moved to get the money repaid after receiving a complaint from a client regarding the consultant in question, James Stern, of Walmer. – Lee-Anne Butler

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