JOHANNESBURG – Under fire retailer Steinhoff is expected to come under renewed pressure today as the company guns for executives and directors who pocketed millions of rand in an accounting scandal that cost the company more than $7.4 billion in 2017.
"The Amsterdam Court has recently granted Dutch leave against Mr Markus Jooste, the group’s former chief executive, at the group’s request,” the report said. Business Report has calculated that the company reported combined profits of R74.7bn during the period.Simon Brown, founder of JustOneLap, said it was very likely that the Steinhoff fraud was more than the claimed profits. PwC said Jooste and “certain other individuals” did not avail themselves to be interviewed as part of its investigations and that “discussions are ongoing regarding the basis on which any such interviews may take place”.
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