Accounting body charges former Steinhoff boss Markus Jooste with misconduct Updated
Nokukhanya N Mntambo
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The South African Institute of Chartered Accountants’ (SAICA) has instituted charges of misconduct against former Steinhoff CEO Markus Jooste.
Rodger Bosch / AFP
Jooste is among company executives accused of structuring and implementing various transactions over a number of years which inflated the profit and assets of the group.
Former CFO Ben la Grange and former executives Dirk Schreiber and Stehan Grobler are also on the list of the individuals implicated in a report by audit firm PriceWaterHouseCoopers (PwC).
The multi-national retailer was plunged into a crisis in 2017 when its stock dropped dramatically amid allegations of fraud against Jooste.
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