Embattled Steinhoff closes in on ‘rogue’ executives | IOL Business Report

JOHANNESBURG – Embattled retailer Steinhoff International on Wednesday told legislators in Parliament that it was in the process of implementing claims against executives and directors implicated in the financial irregularities that nearly brought the company to its knees in 2017. Chief executive Louis Du Preez said the group had granted the Hawks and National Prosecuting Authority access to the PricewaterhouseCoopers report for potential criminal charges against those implicated.

The group said that it had initiated further forensic investigations, including possible claims against third parties and entities involved. Lawmakers, however, accused the group and law enforcement agencies of dragging their feet on those responsible for the irregularities. Joe Maswanganyi, parliament's finance committee chairperson, blamed Steinhoff for reneging on its commitment to co-operate with law enforcement.“It means we have a law for the poor and a law for the rich. If this does not happen by the National Prosecuting Authority and the Hawks, it will undermine your credibility forever. You will not have done what you were meant to do.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

NPA and Hawks contradict each other over Steinhoff report - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The National Prosecuting Authority (NPA) and the Hawks have contradicted one another in parliament regarding access to a Steinhoff audit report on accounting irregularities at the company.
La source: SABC News Online - 🏆 32. / 51 Lire la suite »

Botswana issues travel advisory, warns citizens travelling to South Africa | IOL Business ReportWidespread xenophobic violence and looting of shops have gripped Gauteng province in recent days, with at least five people killed during the mayhem.
La source: IOL - 🏆 46. / 51 Lire la suite »

Banking Association South Africa members resign from the Credit Ombud Association | IOL Business ReportThe association said, however, all existing disputes before the Credit Ombud Association would remain with this Ombudsman until they were finalised.
La source: IOL - 🏆 46. / 51 Lire la suite »

LISTEN: SA GDP expands 3.1% in second quarter | IOL Business ReportSouth Africa's economy grew by 3.1 percent in the second quarter of 2019.
La source: IOL - 🏆 46. / 51 Lire la suite »

Nigeria-listed MTN beefs up security after xenophobic violence | IOL Business ReportSecond-largest investor on the NSE says it has taken the necessary measures to safeguard the safety and security of its customers and staff.
La source: IOL - 🏆 46. / 51 Lire la suite »