Steinhoff’s European finance boss Dirk Schreiber has been sentenced to three-and-a-half years in jail for incorrect representations of the firm’s balance sheets and for aiding and abetting loan fraud, making him the first person to face a prison term related to the mammoth fraud.

He was sentenced by the higher Oldenburg regional court in Germany with one year considered served, due to the length of time the process has taken. This means he will spend two-and-a-half years behind bars...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.