About: http://data.cimple.eu/news-article/f55861c951de3dbb2a92ece01f83b4412ce4525b6cb6336e99b1affc

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About: http://data.cimple.eu/news-article/f55861c951de3dbb2a92ece01f83b4412ce4525b6cb6336e99b1affc Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	German prosecutors have charged four people over alleged fraud at embattled retail giant Steinhoff, with local media reporting that the group's former chief executive is among those targeted. Three former managers are accused of "fictitious transactions" worth more than 1.5 billion euros ($1.8 billion), as well as overvaluing real estate by 820 million euros, prosecutors in the city of Oldenburg told AFP on Friday. Prosecutors did not name the suspects, but German media reported that Markus Jooste, the former chief executive of Steinhoff, is among those charged. A fourth defendant is accused of aiding and abetting the fraud in several cases, the prosecutors said. Steinhoff was hit by a huge scandal in 2017 when it was investigated on suspicion of fraud, with a reported six billion euro hole in its accounts. The company, which is listed in both Frankfurt and Johannesburg, saw nearly 98 percent of its share value wiped out as it faced a barrage of litigation from aggrieved shareholders and business partners, including former chairman Christo Wiese. Jooste resigned after the scandal broke but denied all knowledge of accounting fraud. Steinhoff was fined 13.5 million rand ($818,000) by the Johannesburg Stock Exchange in October for breaching listing requirements including publishing "false and misleading" information. ilp-fec/hmn/lth
schema:headline	Former Steinhoff managers charged in German fraud case
schema:mentions	South African rand Frankfurt Agence France-Presse Johannesburg City Markus Jooste Oldenburg JSE Limited Christo and Jeanne-Claude Accounting scandals
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-05 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	75 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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