Former Steinhoff Chief Financial Officer (CFO) Andries “Ben” la Grange has been sentenced to five years in prison.
La Grange was accused of playing a significant role in the financial misconduct that led to Steinhoff's collapse.Former Steinhoff chief financial officer Andries “Ben” la Grange has been sentenced to five years in prison.
La Grange appeared in the Specialised Commercial Crimes Court in Pretoria on Thursday, where the ruling was delivered.After previously signalling his intention to plead not guilty, La Grange has now entered into a plea and sentence agreement with the state.He has been sentenced to 10 years in prison, with five years suspended, after pleading guilty to a single count of fraud.La Grange was accused of playing a significant role in the financial misconduct that led to Steinhoff’s collapse in 2017.
La Grange’s sentencing is the second conviction the National Prosecuting Authority has secured in relation to Steinhoff. Gerhardus Diedricks Burger, an associate of former Steinhoff chief executive officer Markus Jooste, also agreed to a plea deal with the state.Grobler revealed in an affidavit he deposed that he intends to plead not guilty to the charges and will prove his innocence.
He is currently out on bail and must notify the investigating officer if he intends to leave Gauteng.The NPA and Hawks have been investigating Steinhoff following an audit that revealed the company had allegedly inflated its profits by R100 billion between 2009 and 2017.Simelane under investigation over VBS ‘loan’? – Hawks refuse to confirm
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