Two former Steinhoff execs appear in German court for second round of trial | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

On Wednesday, two German Steinhoff executives are going on trial in the same court where Markus Jooste failed to appear in April. | News24_Business

The faces of the two former Steinhoff executives - Dirk Schreiber and Siegmar Schmidt - have been blurred in accordance with German law. They are pictured with their defence team in the Oldenburg court on Wednesday. Photo: Rob Hyde

After proceedings ended at around 10:45, the court adjourned to deliberate on how the case will proceed. The Oldenburg regional court in Germany, where the two Steinhoff accused are being tried on Wednesday."We will have to wait, but I think there is a fair chance - so it’s pretty much fifty-fifty, which is certainly not the case in very many other cases."Schmidt was managing director of Steinhoff Europe Group Services until October 6, 2011, and of Tau Enterprises until October 19, 2011.Both companies were based in Westerstede.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JUST IN | Another cut in diesel prices, but petrol will be pricier from Wednesday | BusinessThe latest data from the Central Energy Fund shows that diesel prices could be lowered by 26c to 51c a litre, depending on the grade. Unleaded 95 petrol, however, could be hiked by around 60c. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »