"I do not think I did anything deliberately wrong," former Steinhoff CFO Ben la Grange insisted in parliament on Wednesday. La Grange, who was CFO from 2013 until his suspension earlier this year, appeared for the first time before a phalanx of members from four parliamentary committees — finance, public accounts, trade and industry, and public service and administration — to explain his thoughts on what went wrong at the global retailing group. He said he was "deeply saddened by the events at Steinhoff and all the money that was lost." He also told MPs "there was a limited sharing of information from [former Steinhoff CEO] Markus Jooste."

La Grange said he believed one of the things that would have decreased the risk of what happened at Steinhoff was if the group had had a single set of auditors that was able to identify the nature of transactions at different levels of the group, and which would have been able to pick up misstatements. There were many layers of companies in ...

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