SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Former Steinhoff Chief Financial Officer Benjamin La Grange has been sentenced to 10-years direct imprisonment by the Pretoria Specialised Commercial Crimes Court.

Five years of the sentence has been suspended on condition that he is not found guilty of fraud and that he provides evidence for the state in any further criminal case against directors, officers and employees of the Steinhoff Group. Between November and December 2016, La Grange and the then CEO, Markus Jooste who is now deceased, defrauded Steinhoff South Africa of over R367 million.

“On the instruction of Jooste, La Grange created documentation of transactions that supported the fraudulent transactions used to inflate and falsify the annual financial statements of the Steinhoff Group for the financial year 2016. After investigations by the Johannesburg Stock Exchange , La Grange was fined R2 million for the role he played in the Steinhoff At Work transactions and barred from holding office in a public company for 10 years,” says Hawks spokesperson Katlego Mogale.

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

South African defence industry open for business - SABC News - Breaking news, special reports, world,South Africa’s state-owned defence company, Denel, say it is open for business. The company used Africa Aerospace and Defence (AAD) 2024 to clearly
Kilde: SABCNews - 🏆 37. / 51 Les mer »

Proteas women announce T20 World Cup squad - SABC News - Breaking news, special reports, world, business,Du Preez says the team's tour to Pakistan will be crucial to get their winning momentum back.
Kilde: SABCNews - 🏆 37. / 51 Les mer »

Proteas women gearing up for T20 World Cup - SABC News - Breaking news, special reports, world, business,The South African women's cricket team will be looking to gather momentum for the ICC T20 World Cup.
Kilde: SABC News Online - 🏆 32. / 51 Les mer »

PSL teams expect to challenge Sundowns - SABC News - Breaking news, special reports, world, business, sportMost Betway Premiership coaches say their teams are ready to start the 2024/2025 PSL season.
Kilde: SABCNews - 🏆 37. / 51 Les mer »

China pledges to encourage investment in Nigeria - SABC News - Breaking news, special reports, world,The two countries agreed to encourage 'flexible and diverse' regional monetary.
Kilde: SABCNews - 🏆 37. / 51 Les mer »