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South Africa: Cosatu Welcomes the Conviction and Sentencing of the Former CFO of Steinhoff
COSATU, 3 October 2024
The Congress of South African Trade Unions (COSATU) welcomes the conviction and sentencing of the former Chief Financial Officer of Steinhoff, Mr. Ben La Grange, the second of two… Read more »
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South Africa: Former Steinhoff Chief Financial Officer Sentenced to 10 Years Imprisonment
SAPS, 3 October 2024
The Pretoria Specialised Commercial Crimes Court has sentenced Andries Benjamin La Grange (50), the former Chief Financial Officer of Steinhoff, to 10 years' direct imprisonment,… Read more »
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South Africa: Complaint Against Daily Maverick Steinhoff Stories Dismissed
GroundUp, 12 July 2024
Former reserve bank employee complained his side of the story was not given, but declined to give his side of the story Read more »
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South Africa: Hawks Head Lauds Arrest of 33 Suspects in Vbs Heist, Updates On Critical Steinhoff Investigations
Daily Maverick, 28 June 2024
A total of 33 arrests have been made in connection with the great VBS heist, and three people have already been convicted. The Hawks are still working on the remaining 43 of 76… Read more »
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South Africa: Cosatu Pleased With Arrest in Steinhoff Case
COSATU, 27 June 2024
The Congress of South African Trade Unions (COSATU) is pleased that persons accused of looting workers' pension funds' investments at Steinhoff are finally being brought to book… Read more »
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Namibia: Steinhoff and Access to Information - - What's At Stake?
Namibian, 5 June 2024
Do Steinhoff's private interests trump the public interest in knowing exactly what happened in South Africa's biggest corporate fraud? That's the question at the heart of our case… Read more »
Former Steinhoff Finance Chief Gets 5 Years for Fraud After Deal
Steinhoff's former Chief Financial Officer, Ben la Grange, has been sentenced to 10 years in prison, five suspended, after pledging guilty to one fraud charge involving R367 million.
The five years are suspended under the condition that La Grange be found not guilty of fraud during the suspension, and that he also testifies for the state in any further criminal prosecutions against Steinhoff directors, officers, and employees.
His conviction follows that of Gerhardus Burger (an associate of the late Steinhoff CEO Markus Jooste), who received a five-year suspended sentence for insider trading after turning state witness.
InFocus
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Steinhoff International is a South African-German-Dutch international retail holding company, dealing mainly in furniture and households goods. The firm operates ... Read more »
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The police are investigating the death of former Steinhoff boss Markus Jooste after reports that he had shot himself at his Hermanus property, reports Daily Maverick< Read more »
