Disgraced Steinhoff CEO Markus Jooste dies by suicide

21 Mar 2024
Jooste’s death comes after the FSCA hit him with a R475m administrative penalty over ‘false, deceptive and misleading’ financial reports

21 March 2024 - 19:00

by Katharine Child

Former Steinhoff CEO Markus Jooste, accused of being the mastermind behind SA’s biggest fraud case, shot himself fatally on Thursday to avoid handing himself over for arrest, sources have confirmed. 

Jooste was CEO of multinational furniture retailer Steinhoff when it created fictitious offshore shell companies to inflate profits and hide losses...

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