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Forensic probe report into Steinhoff to be released at end of the month

By Dieketseng Maleke 18m in the past

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The forensic consultants’ report ready by PricewaterCoopers may help investigators in making ready a legal case in opposition to these implicated in the alleged Steinhoff fraud.

According to experiences, National Director of Public Prosecutions, Shamila Batohi, stated a brand new auditor report was due to be released at the end of the month.

The NPA has been wildly criticised for its sluggish tempo in prosecuting of the case.

The criticism escalated when, two weeks in the past, German authorities introduced that it could carry costs in opposition to three executives of the furnishings company.

The probe into Steinhoff’s monetary misdealing is two-fold, with the different half being carried out by German authorities. Steinhoff had its main itemizing in Germany.

While the German authorities didn’t title the executives, the furnishings company’s CEO, Markus Jooste, and its former chief for Europe, Dirk Schreiber have been beneath investigation since the scandal broke in 2015.

Steinhoff is paying as a lot as R30 million towards the extra forensic work. The NPA got here beneath hearth for accepting funds from Steinhoff for its investigation.

Last week, the NPA in an announcement broke its silence about the Steinhoff probe funding, citing that whereas it helps the investigation into the furnishings retailer it didn’t obtain any funds. It added that the NPA can use the findings appropriately to put together any doable prosecutions.

BUSINESS REPORT ONLINE



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