The wheels of justice move painfully slowly, but move they do. The case against Markus Jooste, who abruptly resigned as CEO of Steinhoff after the company shocked investors with revelations of a more than R100bn hole in its accounts in 2017,more or less confirms the modus operandi behind the biggest accounting fraud in the history of SA as outlined in a heavily truncated investigation report by PwC.
To be sure, the legal proceedings do not mean Jooste, who was a no-show because of vague “passport problems”, will be convicted soon. He might not even get to sit in front of the German judge soon because there is a strong likelihood he will fight extradition attempts. But the trial is a step in reassuring the public, which has a legitimate reason to complain that the rich and powerful outside government escape justice for their crimes with too much ease.
It turns an unforgiving spotlight on the National Prosecuting Authority, which has yet to charge anyone about the fraud. If the authority is to challenge the perception here and abroad that SA has an inappropriate tolerance for private sector corruption, and meekly watches on as financial crimes run rampant, it needs to add the Jooste investigation to its list of priorities.
Lets see if germany charters a plane and sends high level delegation for Jooste. We did that for Thabo Bester
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Markus Jooste trial in Germany - what you need to know | BusinessThe first criminal case against Markus Jooste (62), disgraced former CEO of Steinhoff, begins on Tuesday in Oldenburg, Germany. Here's everything you need to know. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
LIVE | German judges enter courtroom, still no sign of Markus Jooste | BusinessAll the latest news and analysis on the Markus Jooste trial in Oldenburg, Germany. JanTamb Can the NPA explain why he is not in court in south africa? 🤔🤔🤔🤔 JanTamb Hello PaulivW can we get coverage JanTamb Fraudster Markus Jooste on trial. I fixed it.
Source: News24 - 🏆 4. / 80 Read more »
LIVE | Prosecutor hits out at Markus Jooste's lawyers | BusinessAll the latest news and analysis on the Markus Jooste trial in Oldenburg, Germany. Not the embattled, not the man who siphoned multi million of rands of pensioners funds (PIC) invested in Steinhoff. Adjectives & titles which are the exclusive preserve of the melanated. Inherent racial bias of the roof there by News24 - the whites only klubhuis / clubhouse! Time to arrest this crook. The shameless crook that stole pension money
Source: News24 - 🏆 4. / 80 Read more »
Fraud-accused Markus Jooste a no-show at German courtThe former Steinhoff CEO did not pitch up in the Oldenburg regional court on Tuesday for his trial due to missing travel documents. Seriously, 'missing passport' I hope the Germans come here to collect him! This POES CyrilRamaphosa HomeAffairsSA please strip this guy of SA citizenship AFTER you have NATIONALISED all of his ill-begotten 'assets' Zuma will NEVER see the inside of a courtroom or a jail cell if this poes doesn't face the music International warrant of arrest loading for this prime white thief
Source: ewnupdates - 🏆 30. / 53 Read more »
Steinhoff's Markus Jooste couldn't find his passport - misses German court date | The CitizenDisgraced former Steinhoff💰 CEO Markus Jooste fails to appear in a German court on fraud charges ⚖️because he can't find his passport ✈️😒 Steinhoff markusJooste TheCitizenNews Catch up here⬇️ I’ve never,, ever heard such an excuse to the court!! I’m sure he knew since last year he must appear? Excuses. Can HomeAffairsSA please organise this fraudster an emergency passport. Thabo Bester has it
Source: TheCitizen_News - 🏆 6. / 75 Read more »
German prosecutors apply for arrest warrant for Markus Jooste | BusinessGerman prosecutors have applied for an arrest warrant against Markus Jooste after he failed to show up for his criminal trial in Germany. The Hawks, the Reserve Bank and the Financial Sector Conduct Authority have all denied holding his travel documents. It's different, race doesn't apply They should’ve issued an arrest warrant long ago!! ……he has no intention of appearing in court!!! Markus could get tips from Zuma
Source: News24 - 🏆 4. / 80 Read more »