South African Reserve Bank Court Order to Attach Assets of Former Steinhoff CEO Markus Jooste

Author:
South African Reserve Bank
Publisher:
South African Reserve Bank
Publication Date:
18 October 2022
Tags:
South Africa, Company News, Corruption, Legal and Judicial Affairs

The Reserve Bank yesterday swooped on properties belonging to disgraced former CEO of Steinhoff, Markus Jooste, Eye Witness News reports. In what was called South Africa's biggest fraud case ever, Steinhoff is alleged to have  misrepresented its balance sheets to shareholders for a number of years - a discovery that led to Jooste's hasty exit on December 5, 2017.

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