Markus Jooste, a former chief executive of Steinhoff International Holdings NV, is one of four defendants who will stand trial.
Former Steinhoff International Holdings NV Chief Executive Officer Markus Jooste is among four people who will go on trial in Germany next year on charges of accounting fraud.
The company has been battling to survive for almost five years since auditors refused to sign off on its accounts, leading to Jooste resigning, a dramatic share-price collapse and the start of police and regulatory investigations in both Europe and South Africa. Jooste, two former Steinhoff executives and a fourth accused were charged last year with balance-sheet fraud carried out between July 2011 and January 2015. The case was subsequently split in two to avoid delays due to the coronavirus pandemic
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