The SAPS confirmed to Daily Maverick early on Thursday evening that the Hermanus police have opened an inquest docket for the death of a 63-year-old man who sustained a gunshot wound.
Disgraced former chief executive of Steinhof Markus Jooste has reportedly shot himself just more than 24 hours after the Financial Sector Conduct Authority revealed that it was fining him a whopping R475-million and that it planned to pursue a criminal case.
His death comes a day after he was informed that he had to pay a R475-million administrative penalty to the Financial Sector Conduct Authority on or before Friday, 19 April 2024 – giving him a month to come up with the funds. “He persisted that there were no financial irregularities that he was aware of or participated in. To that extent, he complied with the notice to attend, but failed to provide all answers and information relevant to the investigation in a cooperative manner,” the FSCA said in its signed penalty order.
The FSCA also revealed that it had waived any fines against Steinhoff’s former European finance chief, Dirk Schreiber, in return for his cooperation, which infers that he revealed incriminating information. Schreiber has already been sentenced to a three-and-a-half-year jail term by German authorities.
The FSCA noted in the court order that he received income from other sources during this time, but failed to disclose that income despite being asked to do so.In the years before December 2017, when Steinhoff spectacularly imploded, the company and Jooste were the darlings of the JSE.
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