PwC investigation reveals how fake transactions artificially inflated Steinhoff’s profit by $200m
One particular fraud was perpetrated through a contribution of $162m from one Steinhoff subsidiary, SEAG Austria, to another, ...
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South Africa's Steinhoff Scandal Takes Grim Turn As Former CEO Found Dead In Apparent Suicide After Historic Fine For Corporate Fraud
Jooste, who was the CEO of Steinhoff until December 2017, had been under investigation for years, along with other executives, for accounting irregularities that led to the company’s liquidation.
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Steinhoff shocker: Even second-tier execs earned more than top SA bank CEOs
Even second-line executives at Steinhoff regularly earned millions of rands more than the heads of some of South Africa's ...
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Business Report seeks access to PwC’s 7 000-page report on Steinhoff’s collapse
The fallout from the implosion has seen former Steinhoff CEO, Markus Jooste – the alleged mastermind behind the fraud – kill himself last year. In addition, the Pretoria Specialised Commercial ...
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Reserve Bank heads to court, and DA disagrees with its own minister
The South African Reserve Bank has gone to court to obtain the data from phones and computers it seized during a raid of the late Steinhoff CEO Markus Jooste’s estate two years ago. The Reserve ...