Former Steinhoff boss Markus Jooste to go on trial in Germany next year

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Former Steinhoff CEO Markus Jooste.
Former Steinhoff CEO Markus Jooste.
Beeld

 

A court in Germany has announced that the accounting fraud trial of former Steinhoff CEO Markus Jooste will start early next year. 

The Oldenberg regional court said in a media statement on Thursday that it had yet to secure a date for the case to begin, however. 

Last year Jooste, two former Steinhoff executives and a fourth accused, who was not employed at the retailer, were charged with balance sheet fraud carried out between July 2011 and January 2015. 

READ | German prosecutors charge ex-Steinhoff CEO Markus Jooste with balance sheet fraud

The case was subsequently split in two, in part due to travel restrictions caused by the Covid-19 pandemic. 

The case against two former Steinhoff executives, who are living in Germany, is set to begin on 3 May next year. 

The second case involves Jooste and an unnamed 72-year-old co-accused, who acted as a trustee of a trust in the British Virgin Islands. 

The Oldenburg court said it would share the date for the start of Jooste's case as soon as it had been secured. 

While German authorities have not yet officially named any of the accused, a source with knowledge of the investigation previously told News24 that Jooste was one of the four accused. 

On Thursday, the court referred to him as the CEO of Steinhoff International Holdings until the end of 2017. 

Jooste's South African lawyer did not immediately reply to a request for comment. 

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