Jooste decided what Steinhoff's profit would be and revenues had to match - German prosecutor | Business

German prosecutors have accused former Steinhoff CEO Markus Jooste of cooking the group's books by calculating upfront what profits he wanted the global retailer to make, and then demanding that revenues from its European businesses match his figures.

Jooste, who has been charged with accounting fraud in a German criminal case that is running in parallel to the Hawks' probe in South Africa,While Jooste's seat remained empty, the statement of charges read out by the chief prosecutor nevertheless laid out in detail the case he and his co-accused George Allen Evans had to answer.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.

United States United States Latest News, United States United States Headlines

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

Markus Jooste's blame game: SA govt denies it kept him away from German trial | BusinessDisgraced Steinhoff CEO Markus Jooste's defence team has blamed the South African Department of Justice for preventing him from attending his criminal trial in Germany this week – but this has been denied by government. | JanTamb JanTamb Best strategy I ever took was buying a little bit every day and increasing the amount of those buys during dips into Crypto is the best strategy of the past decade Following 1marketanalyst tweets, prediction and tips I have really learnt a lot about how Crypto works JanTamb Maybe they wanted him to get arrested!🤣🤣🤣 JanTamb When SA governement denies something it`s usually true...
Source: News24 - 🏆 4. / 80 Read more »