STEINHOFF IN PARLIAMENT: Top eight culprits in biggest corporate fraud named, including Jooste and La Grange; Hawks still badly behind By Marianne Merten marianne_merten
At the end of August 2018 ex-chief financial officer, Ben la Grange had begun his appearance before the same four parliamentary committees, sitting together – finance, public service and administration, trade and industry and public spending watchdog, the Standing Committee on Public Accounts – by saying:On Tuesday, both Jooste and La Grange were named in Parliament as being among the eight individuals the PricewaterhouseCoopers forensic audit had identified as central to irregular and...
It was this that had MPs pushing for accountability and transparency, particularly as there now was a forensic audit report. And proceedings in other jurisdictions such as The Netherlands should not be allowed to hinder this, it was argued.
Steinhoff board chairperson Heather Sonn in arguing against the release of the PwC forensic report said it was legally “privileged” as it would allow the company to go after directors as well as in the context of various legal proceedings. Du Preez added that while the company was “fully co-operative” with regulators and law enforcement agencies, none has had access to the full report.
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