It may be too little, too late, but Steinhoff has launched legal proceedings against its former CEO and CFO to claw back salaries and bonuses paid to them before the eruption of South Africa’s biggest corporate scandal.
It is another twist in the ongoing saga which broke when auditors from Deloitte announced they could not sign off the accounts in December 2017 because they were riddled with irregularities. A subsequent forensic probe by PwC uncovered a scheme whereby inter-company dealings were masked as external income, fraudulently boosting profits and hiding costs.
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So they should the bloke is a fraud and thief
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