Farhadian Farhadian

Steinhoff: Jooste fined millions and deceased

According to reports from NDR and Handelsblatt, former Steinhoff CEO Markus Jooste has been fined 475 million rands (the equivalent of around €23 million) for falsifying accounts and misleading others in connection with the 2017 accounting scandal. Almost simultaneously, it was reported that Jooste had been pronounced dead by the South African police after being admitted to hospital on 21 March.

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