[cape_town] - Cosatu adds voice to call for action on #Steinhoff

  |   Cape_Townnews

On Tuesday, MPs said the collapse of Steinhoff was a result of a few senior executives, and they were surprised the Hawks and NPA had been slow in prosecuting those involved.

Steinhoff chief executive Louis du Preez named several former executives as being linked to the scandal, after PwC released its forensic report last Friday.

Markus Jooste, the former chief executive, was named in the PwC report as one of those who inflated prices and assets of the company by more than R100billion.

Cosatu said it wanted Jooste’s assets seized and the law enforcement agencies to recover stolen monies. “Cosatu calls for decisive action from the Hawks and the NPA. The federation calls upon Parliament to increase their oversight of the Steinhoff debacle investigation and prosecutions,” it said....

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