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NPA shouldn't be criticised for slow Steinhoff probe


NPA shouldn’t be criticised for slow Steinhoff probe - Christo Wiese
By Staff Reporter
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Former Steinhoff chairperson Christo Wiese has reportedly told News24 that the National Prosecuting Authority shouldn’t be blamed for the slow pace of the Steinhoff probe. He said the case was complicated.
This comes after three top Steinhoff’s executives were charged on Thursday in Germany.
The public prosecutor’s office in Oldenburg, a town near Westerstede, where Steinhoff was founded, did not name the three former executives, reports suggest that the furniture company’s CEO, Markus Jooste, and its former chief for Europe, Dirk Schreiber, are among the three charged. ....

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Christo Wiese: Don't blame SA prosecutors for slow pace of 'extremely complicated' Steinhoff probe


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Former Steinhoff chairperson Christo Wiese says it s unfair to criticise South African prosecutors for not bringing charges against anyone in the investigation into the retail conglomerate, because of the complexity of the fraud allegations.
Wiese was speaking a day after German authorities announced that three former Steinhoff executives had been charged with balance sheet fraud which allegedly took place between July 2011 and January 2015.
The German probe into Steinhoff is separate from an ongoing Hawks investigation into alleged fraud and money laundering at the group.
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