An application for the sequestration of a family trust of former Fidentia boss J Arthur Brown was postponed on Tuesday to 6 November.

The postponement was done in chambers by Cape High Court acting judge president Jeanette Traverso.

The estates of Brown and his wife Susan have already been provisionally sequestrated.

The new application was lodged in June this year by the trustees of the couple's estates against the Sunset Beach Trust, which owns a 1553 square metre prime beachfront site in Cape Town valued at R5.2-million.

Brown and his wife resigned as Sunset Beach trustees a year ago, leaving her father Stephanus Lategan as sole trustee.

Trustees of the couple's estate claim Brown used the trust to launder money he had received from Fidentia.

They say Lategan tried to sell the Sunset Beach property in contravention of an agreement with Fidentia curators not to dispose of the property.

They say the trust owes the Browns' estates at least R1.7-million, and possibly as much as ten times that amount, and that there is a real prospect that R18-million in payments Brown made to the trust, could be recoverable from it.

Brown is currently in custody, facing a number of fraud and theft charges. His wife is overseas.

Sapa