Steinhoff probe nears completion

File: The body says it has investigated 56 accounts for insider trading so far with no adverse findings.

File: The body says it has investigated 56 accounts for insider trading so far with no adverse findings.

ANA

JOHANNESBURG - The Financial Sector Conduct Authority says its Steinhoff probe is near completion.

This time last year, former CEO Markus Jooste resigned after its auditors reported accounting irregularities.

A year later, the FSCA  is scrutinising Steinhoff-linked accounts.

These include the accounts of people, trusts, corporate entities.

READ: More bad news for Steinhoff

It's looking for evidence of suspected insider trading.

The authority is working with foreign regulators.

It has interviewed various people and gathered what is refers to as extensive paperwork.

Steinhoff International Holdings was trading at R1,57 cents per share around midday.

Source
eNCA