Prosecutors in Germany are investigating Steinhoff CEO Markus Jooste and other senior managers for accounting fraud, according to Manager Magazine.
The South African furniture retailer is Europe’s second biggest, after IKEA.
Back in 2015, German tax authorities searched Steinhoff’s offices.
Steinhoff’s share price is down 10% on the day.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
One would have to be an angel not to be angered by this sort of drivel that has appeared in this magazine that I'm not familiar with.— Christo Wiese
The statement we issued deal with this thoroughly.— Christo Wiese
The statements are devoid of any truth.— Christo Wiese
This matter has been floating around since 2015.— Christo Wiese
The Frankfurt Stock Exchange is a very strict exchange.— Christo Wiese
It’s coupled to the ongoing arbitration proceedings with this former joint venture partner.— Christo Wiese
People in the real world know that people use these tactics to force a better outcome for themselves.— Christo Wiese
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby THE NEWSROOM
What is a “lifestyle audit”? The Money Show’s Bruce Whitfield interviewed ENS Africa Director in Forensics Steven Powell.
Advertising expert Andy Rice loves the Hyundai Creta ad, but hates the one for the Mitsubishi ASX.
The Money Show’s Bruce Whitfield interviews Discovery Limited Group CEO Adrian Gore.
The Money Show’s Bruce Whitfield interviews Old Mutual Multi-Managers Chief Investment Strategist Dave Mohr.
The Money Show’s Bruce Whitfield interviews The Glass Recycling Company CEO Shabeer Jhetam.
Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.
Ndoro has received much support from his media colleagues and the public after being put on leave following an on-air error.
Former Constitutional Court judge Justice Albie Sachs remembers President Zuma's struggle days.
Suren Narismulu, Liberty Life customer chats to Kieno Kammies about his dreadful experience with the insurance company.
With Cyril Ramaphosa ascending to the Presidency, speculations are rife on who will be appointed deputy president.