Steinhoff’s shareholders, including ordinary citizens and pension funds, lost about R250 billion when Steinhoff collapsed in ...
Steinhoff was South Africa’s biggest corporate scandal when it collapsed after Deloitte confirmed there were accounting ...
“The bribes, kickbacks, and fraud... affected hundreds of leases ... Like Enron, the details of Steinhoff’s accounting chicanery weren’t hidden. But nobody bothered checking.
The report was made available to certain media outlets in mid-December, but little has been said about it thus far ...
Labelled as “one of the biggest cases of corporate fraud in the history of South Africa” by the National Prosecuting Authority (NPA), the Steinhoff case continued to unravel in its ...
Steinhoff has been under investigation for suspected accounting fraud by the state prosecutor in Oldenburg, Germany, since 2015, the year it listed on the Frankfurt stock market. Prosecutors say ...
The Steinhoff fraud is deemed to be South Africa's biggest ... a Western Cape High Court judgment that the PwC report into accounting irregularities at the now-liquidated Steinhoff Group be ...
However, in the case of Steinhoff (now Ibex), the SCA found that the dominant purpose behind the forensic report was to investigate accounting irregularities, not for litigation, thus it was not ...
Its former chief financial officer, Ben la Grange, pleaded guilty to fraud in October ... the auditors of Steinhoff in the Netherlands, identified accounting irregularities in Steinhoff’s ...
Close to 98% of Steinhoff's share value was wiped out in 2017, when the accounting scandal first broke. Those heavy losses also affected investors in South African pension funds. Mr Jooste ...