EDITORIAL: Markus Jooste poser for NPA
Why is former Steinhoff CEO Markus Jooste still on the loose, enjoying the scenic views of the Cape?
It’s the biggest fraud in SA corporate history, causing a R300bn destruction in value. Yet the person at the centre of the dirty dealing, former Steinhoff CEO Markus Jooste, is still on the loose, enjoying the scenic views of the Cape. This despite the fact that it’s been two months since the allegations of extensive fraud emerged — something the furniture retailer has politely termed "accounting irregularities". Jooste has yet to be questioned by any law enforcement agency, either in SA or in Europe, where the fraud is said to have taken place. Here at home, he’s blithely brushed off requests by three committees of parliament to question him. But other than the inconvenience of being forced to sell his racehorses and perhaps his Steinhoff shares, it appears Jooste is carrying on as if nothing happened. Of course, he has neither been charged, nor found guilty of any crime. But our authorities should be freezing his assets as we speak, pending charges. You’d imagine there would be pl...
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