Two ex-Steinhoff International Holdings NV directors who worked at the retailer’s European units appeared in a German court on Wednesday to stand trial on charges relating to the accounting scandal at the company. Moneyweb BusinessNews
Two ex-Steinhoff International Holdings NV directors who worked at the retailer’s European units appeared in a German court on Wednesday to stand trial on charges relating to the accounting scandal at the company. The Regional Court in Oldenburg opened the proceedings on Wednesday against Dirk Schreiber and Siegmar Schmidt, the tribunal’s press office said in an emailed statement.
The judges, prosecutors and defense then met for talks about how the trial will proceed, including a potential settlement, a tribunal spokeswoman said by phone. The two men were among eight people that were named by the company in 2019 following a forensic probe by auditor PwC that uncovered €6.5 billion of irregular transactions with eight firms over eight years.
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