https://www.engineeringnews.co.za

Germany issues arrest warrant for former Steinhoff CEO Jooste

21st June 2023

By: Bloomberg

  

Font size: - +

A German court issued an arrest warrant for Markus Jooste, former chief executive officer of scandal-ridden retailer Steinhoff International Holdings, after he failed to show up for trial in the country.

The Regional Court of Oldenburg issued the warrant about two weeks ago, a spokesman for the tribunal said on Wednesday. Prosecutors had asked for the order in April when Jooste was a no-show for his trial in that city.

His attorney, Bernd Gross, didn’t immediately reply to an email seeking comment on the arrest warrant.

Gross told the court in April that his client was unable to travel because he didn’t have access to his passport, under an arrangement with South African authorities. Jooste is facing much bigger probes and allegations there than in Germany, the lawyer said.

Steinhoff has been battling to stay afloat, more than five years since auditors refused to sign off on its accounts. This prompted Jooste to resign and caused a dramatic share-price collapse as well as criminal and regulatory investigations in both Europe and South Africa. The executive was charged in Germany and the trial was scheduled to start April 18 but couldn’t continue due to Jooste’s no-show.
 

Edited by Bloomberg

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Trotech
Trotech

Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.

VISIT SHOWROOM 
Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.083 1.099s - 122pq - 2rq
Subscribe Now