SUBPOENAS
Parliament forces reluctant Steinhoff to name fraud suspects
It took a threat from parliament for Steinhoff International to name former CEO Markus Jooste and other former executives allegedly responsible for about €6.5bn (R107bn) of fictitious deals that nearly brought down what was once Europe’s second-largest furniture retailer. CEO Louis du Preez released the names on Tuesday after the finance, public accounts and public service and administration committees adopted a resolution to issue a subpoena to force the company to reveal them. Du Preez and chair Heather Sonn had argued that doing so would imperil future prosecutions and violate European privacy laws. PODCAST: Hear from the Steinhoff whistleblowers Subscribe: iono.fm | Pocket Cast | Player.fm In addition to Jooste, Du Preez identified former head of finance in Europe Dirk Schreiber, former CFO Ben la Grange and former company secretary Stehan Grobler. Four individuals in counterparty companies were also named, including Siegmar Schmidt, a former Steinhoff Europe CFO. Steinhoff has ...
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