Steinhoff ordered to name executives accused of 'inflating profits'

Parliament's Portfolio Committee on Finance, and Scopa, have met to deliberate on the Steinhoff corruption scandal. Courtesy #DStv403

CAPE TOWN – Parliament has ordered scandal hit retail giant Steinhoff to name the executives accused of inflating profits and asset values.

The company is once again facing the fallout from its accounting scandal.

A report by auditing firm PWC names several executives, including former CEO Markus Jooste but those names were not revealed to the public.

READ: Steinhoff inflated profits by more than R100bn

However, Parliament has now stepped in.

The other executives include Dirk Schreiber, Ben le Grange and Stehan Grobler.

The Steinhoff board returned to Parliament to face Scopa and the Portfolio Committee on Finance.

Source
eNCA