04.11.2020

Steinhoff: Markus Jooste sentenced to millions

Former Steinhoff board member Markus Jooste has been sentenced to a fine of ZAR 162 million (approx. EUR 8.6 million) by a South African regulatory authority. At the end of 2017, Steinhoff's holding company, which at the time also included the furniture chains Kika/Leiner, Poco and Conforama, had fallen into a deep crisis following the reporting of irregularities in its balance sheet.
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