Blow for Steinhoff as court docket grants media entry to accounting fraud report

| Bruce Whitfield interviews Rob Rose, editor of the Monetary Mail and writer of ‘Steinheist’.

“The Steinhoff crash wiped greater than R200bn off the Johannesburg Inventory Alternate, erased greater than half the wealth of tycoon Christo Wiese and knocked the pension funds of thousands and thousands of atypical South Africans.”

That is the Steinhoff scandal in a nutshell, as summarised on the again cowl of Rob Rose’s ebook ‘Steinheist: Markus Jooste, Steinhoff and SA’s Greatest Company Fraud’.

RELATED: Steinhoff: ‘I’m giving up hope we’ll ever see folks delivered to justice’

On Tuesday the Western Cape Excessive Court docket granted two media homes (AmaBhungane and Tiso Blackstar) entry to the forensic report into accounting fraud at Steinhoff, perpetrated below the watch of disgraced CEO Markus Jooste.

The corporate had argued that the report ought to stay privileged.

Bruce Whitfield interviews Rose, the Steinheist writer and editor of the Monetary Mail.

Rose says Steinhoff now has ten days to provide the 7,000-page report.

The court docket has now mentioned that the authorized privilege argument Steinhoff mounted simply would not wash…

Rob Rose, Editor – Monetary Mail

Jooste is amongst 4 Steinhoff executives charged with varied counts of fraud by prosecutors in Germany in March 2021.

RELATED: The Germans have now charged Markus Jooste – Christo Wiese

Rose says we must always anticipate prosecution of Jooste “sooner relatively than later”.

It was an enormous shock that executives at Tongaat Hulett, for instance, had been arrested for fraud and dragged to court docket in February. I anticipated Steinhoff to occur earlier than that contemplating that Steinhoff imploded earlier than Tongaat did.

Rob Rose, Editor – Monetary Mail

I believe there was progress within the NPA on a few of these instances… I do consider it [Steinhoff prosecution] will occur in the long run.

Rob Rose, Editor – Monetary Mail

The Germans are nonetheless chipping away at it… however the impression from folks near the method was that they’d favor the South African authorities to behave on that… partly as a result of Markus Jooste himself is predicated in South Africa…

Rob Rose, Editor – Monetary Mail

Hearken to the interview with Rose under (skip to 00:49):

This text first appeared on CapeTalk : Blow for Steinhoff as court docket grants media entry to accounting fraud report


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