Steinhoff: Implicated executives will be held accountable

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Steinhoff was on Tuesday forced by four parliamentary committees to reveal the names of its former executives, including disgraced former CEO Markus Jooste and four other men outside Steinhoff, implicated by PwC’s forensic investigation into the scandal.

CAPE TOWN - Steinhoff’s board chairperson Heather Sonn says those responsible for inflating the group's profits and assets over many years will be held to account.

Threatened with a subpoena, CEO Louis du Preez read out the names and later told journalists Steinhoff had been summoned by the Financial Sector Conduct Authority to provide it with the full 3,000-page PwC report. Steinhoff wants to claw back bonuses paid to former executives and also hold them liable to help settle any claims against the company.Sonn said the group’s position was "still precarious" as it tried to deal with its various creditors.

 

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should payback the money and arrested klaar!!! blody tsotsis

Unlike the thieves from SOE's and government who appear to be immune despite approximately R500 billion being looted.

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