This week’s abrupt resignation of Heather Sonn as chair of Steinhoff, with the company still reeling from a R100bn-plus accounting fraud scandal dating back three years, came as a surprise.

Though some observers say Sonn is probably a victim of a complex web of dodgy transactions that brought Steinhoff to the brink of collapse, the saga raises uncomfortable questions about steps the former chair took to find out everything it could about the firm the company she partly owns was buying.  

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now