The former CEO of Steinhoff, Markus Jooste, has died a day after being ordered to pay a US$25 million fine for his role in a large-scale corporate fraud case in South Africa.
Police said Markus Jooste succumbed to a gunshot wound after he allegedly shot himself on Thursday outside his home.
“The circumstances surrounding his death are being investigated,” police spokesperson André Traut said.
The country’s financial regulator said Jooste had played a role in publishing misleading financial statements about Steinhoff International Holdings.
The retailer has suffered heavy losses, as have investors in South African pension funds since an accounting scandal broke in 2017.
Before that, Jooste had acquired billions of dollars worth of high-street retailers across Europe (including the UK-based Poundland).
He had also been fined for insider trading in 2020.
Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Azay FM 89.1 in Takoradi, Bead FM 99.9 in Bimbilla, Mining City 89.5 in Tarkwa, Sissala Radio 96.3 in Tumu, Somuaa FM 89.9 in Gushegu, Stone City 90.7 in Ho and Wale FM 106.9 in Walewale
Tune in to broadcasts online: asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming on facebook.com/asaase99.5. Also on YouTube: AsaaseXtra.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.
#AsaaseRadio
#TheVoiceofOurLand
#WeAreHere
#WeLoveOurLand
