PRINT: Now Steinhoff turns its focus to lawsuits worth billions
Retailer Steinhoff is facing multiple lawsuits from former business partners and aggrieved shareholders
After months of work untangling years of fraudulent transactions, Steinhoff has turned its focus to multibillion rand lawsuits triggered by the scandal that threatens the survival of the global retail group.
Steinhoff uncovered a €6.5bn (about R110bn) hole in its accounts in 2017, causing a share collapse and multiple lawsuits from former business partners and aggrieved shareholders that include former chairman Christo Wiese. ..