Markus Jooste, former chief executive officer of scandal-ridden retailer Steinhoff International Holdings NV, lost an appeal against the arrest warrant issued by a German court after he failed to show up for trial in the country. Moneyweb GermanArrest
Markus Jooste, former chief executive officer of scandal-ridden retailer Steinhoff International Holdings NV, lost an appeal against the arrest warrant issued by a German court after he failed to show up for trial in the country. Read: Germany issues arrest warrant for ex-Steinhoff CEO Jooste The Higher Regional Court of Oldenburg rejected his challenge on Monday, a tribunal spokeswoman said by phone.
Read: Finally, some moves at Steinhoff Gross told the court in April that Jooste was unable to travel because he didn’t have access to his passport, under an arrangement with South African authorities. Jooste is facing much bigger probes and allegations there than in Germany, the lawyer said at the time. Steinhoff has been battling to stay afloat, more than five years since auditors refused to sign off on its accounts.
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