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Former Steinhoff boss Markus Jooste to go on trial in Germany subsequent 12 months

Former Steinhoff CEO Markus Jooste.


A courtroom in Germany has introduced that the accounting fraud trial of former Steinhoff CEO Markus Jooste will begin early subsequent 12 months. 

The Oldenberg regional courtroom mentioned in a media assertion on Thursday that it had but to safe a date for the case to start, nevertheless. 

Final 12 months Jooste, two former Steinhoff executives and a fourth accused, who was not employed on the retailer, have been charged with steadiness sheet fraud carried out between July 2011 and January 2015. 

READ | German prosecutors charge ex-Steinhoff CEO Markus Jooste with balance sheet fraud

The case was subsequently split in two, partially resulting from journey restrictions attributable to the Covid-19 pandemic. 

The case towards two former Steinhoff executives, who’re in residing in Germany, is about to start on 3 Might subsequent 12 months. 

The second case entails Jooste and an unnamed 72-year-old co-accused, who acted as a trustee of a belief within the British Virgin Islands. 

The Oldenburg courtroom mentioned it might share the date for the beginning of Jooste’s case as quickly because it had been secured. 

Whereas German authorities haven’t but formally named any of the accused, a supply with information of the investigation beforehand instructed News24 that Jooste was one of many 4 accused. 

On Thursday, the courtroom referred to him because the CEO of Steinhoff Worldwide Holdings till the top of 2017. 

Jooste’s South African lawyer didn’t instantly reply to a request for remark. 

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