MPs seek legal opinion on questions for Steinhoff’s Markus Jooste
Parliament wants to know what it can legitimately ask the former Steinhoff CEO
Parliament has sought a legal opinion from senior counsel about what questions can legitimately be asked of former Steinhoff CEO Markus Jooste should he be subpoenaed to appear before the finance committee. The committee is due to hold a further briefing on the Steinhoff saga this month, and for the first time will be able to engage directly with one of the senior executives at the helm of the global furniture retailer in the years ahead of its dramatic collapse in December last year. According to parliamentary sources, former CFO Ben le Grange has agreed to appear before the committee. Steinhoff has previously stated that Le Grange had no involvement in the accounting irregularities allegedly orchestrated by Jooste, even though he had oversight of the accounts. La Grange was part of the management team that took over the group after its collapse, but he stepped down as CFO in January so that he could focus on shoring up the liquidity of the group and finalising its 2017 financial s...
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