BREAKING | Ex-Steinhoff boss Markus Jooste to go on trial in Germany in April | Business

A court in the northern German town of Oldenburg has provisionally set down 10 days for the court case.

A spokesperson did not say whether Jooste would be attending the case in person or whether he would be extradited. Jooste, who resigned as Steinhoff's CEO in late 2017, has been charged with accounting fraud for falsely claiming to trade"know-how" in an allegedly bogus deal in 2010. This deal boosted the revenues of a German Steinhoff subsidiary by €95 million - roughly R1 billion at the time.

The former Steinhoff CEO is also the subject of a probe by the Hawks in South Africa, but no charges have been announced yet. In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.

Source: News Formal (newsformal.com)

_Business Wow how useless are our courts! Pathetic. I bet in Germany you can't pay for the docket to go missing, that is a cANCer specialty

_Business He will have served a 20 year sentence before the NPA even get to court, it's called African Time

_Business 5*

_Business Good 👋🏻👋🏻👋🏻

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