Ex-Steinhoff CFO gets 5 years in prison for agreeing to snitch on directors

Ex-Steinhoff CFO gets 5 years in prison for agreeing to snitch on directors

Former Steinhoff chief financial officer (CFO) Ben la Grange has been sentenced to five years in prison La Grange entered into a plea and sentence agreement in terms of section 105 A with the State for one count of fraud of over R367 million, emanating from the manipulation of financial statements and failure to report … Read more

Former Steinhoff CFO Andries Le Grange granted R150 000 bail

Former Steinhoff CFO Andries Le Grange granted R150 000 bail

The Pretoria Specialised Commercial Crimes Court has granted Andries Benjamin Le Grange, former Chief Financial Officer at Steinhoff, R150 000 bail.  Le Grange appeared in court following his arrest on Wednesday morning. The Serious Economic Offences unit arrested him.  FORMER STEINHOFF CFO ANDRIES LE GRANGE ARRESTED Hawks spokesperson Katlego Mogale said Le Grange was arrested … Read more

Why did SARB freeze assets belonging to Markus Jooste’s ‘lover’?

Former Steinhoff CFO Andries Le Grange granted R150 000 bail

The South African Reserve Bank (SARB) has seized R42 million in cash a luxury house valued at R18 million from former Steinhoff CEO Markus Jooste‘s alleged ex-lover Berdine Odendaal. Jooste was the mastermind behind the Steinhoff scandal, South Africa’s most prominent corporate fraud. Even though police can not confirm his death, Jooste reportedly committed suicide … Read more