The JSE has finally taken action against the disgraced former Steinhoff CEO.
The JSE has censured former Steinhoff CEO Markus Jooste for cooking the books to deliberately mislead the market.
Jooste gave the document to then-chief financial officer Ben La Grange to generate a false invoice to the TG Group for processing. The false invoice inflated Steinhoff at Work’s income for the 15 months ended September 2016 by R376,649,872, which in turn inflated the income of the group’s income. The JSE noted that, “Directors of issuers fulfil a critical role in ensuring that listed companies comply with the Listings Requirements.
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