ROB ROSE: The most corrupt company you’ve never heard of

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A string of confidential Steinhoff documents lays bare the mechanics of the dodgy dealings in Europe responsible for the vast majority of the R106bn fraud, writes robrose_za.

It may be the most corrupt company you’ve never heard of. Yet this opaque firm lies at the heart of the Steinhoff schlenter, and is central to why former CEO Markus Jooste was charged criminally in Germany last week.

Its name is Talgarth Capital, and it was set up by a disgraced ex-banker known as George Alan Evans, 72 — a consigliere to Jooste, who was adept at creating the sort of web of trusts and structures you often see in labyrinthine frauds. It’s no surprise that Evans was also charged last week in Germany...

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robrose_za Where is KAP in all of this. Gary was also Markus right hand man from the very early days when they offloaded the sawmills at inflated values and thats where it all began. KAPs balance sheets are highly over inflated

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ROB ROSE: The most corrupt company you’ve never heard ofTalgarth Capital’s remarkable role in this saga has gone almost unnoticed, which is surprising since PwC’s forensic investigators calculated that it was responsible for an eye-watering R72bn of the R110bn in “fictitious and irregular transactions”.
Source: FinancialMail - 🏆 20. / 63 Read more »

ROB ROSE: The most corrupt company you’ve never heard ofTalgarth Capital’s remarkable role in this saga has gone almost unnoticed, which is surprising since PwC’s forensic investigators calculated that it was responsible for an eye-watering R72bn of the R110bn in “fictitious and irregular transactions”.
Source: FinancialMail - 🏆 20. / 63 Read more »

ROB ROSE: The most corrupt company you’ve never heard ofTalgarth Capital’s remarkable role in this saga has gone almost unnoticed, which is surprising since PwC’s forensic investigators calculated that it was responsible for an eye-watering R72bn of the R110bn in “fictitious and irregular transactions”.
Source: FinancialMail - 🏆 20. / 63 Read more »