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Two former Steinhoff execs appear in German court for second round of trial | Business

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On Wednesday, two German Steinhoff executives are going on trial in the same court where Markus Jooste failed to appear in April. | News24_Business

The faces of the two former Steinhoff executives - Dirk Schreiber and Siegmar Schmidt - have been blurred in accordance with German law. They are pictured with their defence team in the Oldenburg court on Wednesday. Photo: Rob Hyde

After proceedings ended at around 10:45, the court adjourned to deliberate on how the case will proceed. The Oldenburg regional court in Germany, where the two Steinhoff accused are being tried on Wednesday."We will have to wait, but I think there is a fair chance - so it’s pretty much fifty-fifty, which is certainly not the case in very many other cases."Schmidt was managing director of Steinhoff Europe Group Services until October 6, 2011, and of Tau Enterprises until October 19, 2011.Both companies were based in Westerstede.

 

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