Former Steinhoff CEO Markus Jooste has been charged in Germany. Now what?

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Markus Jooste.
Markus Jooste.
Photo Illustration by Fin24. Photo by Jaco Marais.

Three years after he suddenly resigned as CEO of Steinhoff, Markus Jooste was charged this week in Germany with accounting fraud.

Jooste and his three co-accused have been charged by the Oldenburg public prosecutor's office with numerous counts of presenting false financial accounts between July 2011 and January 2015. Two of Jooste's co-accused are former Steinhoff executives, while the third is accused of helping them.

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