News Formal

Markus Jooste instigated R16bn swindle at Steinhoff subsidiary, say German prosecutors | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

The German trial of Markus Jooste may have stalled, but prosecutors have now accused the former Steinhoff boss of illegally nearly tripling the book value of a multibillion-rand furniture group the retailer bought in 2013. | News24_Business

The German trial of Markus Jooste may have stalled, but prosecutors have now accused the former Steinhoff boss of illegally nearly tripling the book value of a multibillion-rand furniture group the retailer bought in 2013.

While Steinhoff only paid €452 million for Austrian furniture retailer Kika-Leiner in 2013, the company was given a valuation of some €1.27 billion on Steinhoff's books, German prosecutors have argued. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 4. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Two former Steinhoff execs appear in German court for second round of trial | BusinessOn Wednesday, two German Steinhoff executives are going on trial in the same court where Markus Jooste failed to appear in April. | News24_Business
Herkunft: News24 - 🏆 4. / 80 Weiterlesen »