A police statement, which did not identify the former executive by name, said the cause of death was a fatal gunshot wound to the head.
Already a subscriber?Markus Jooste, former chief executive officer of scandal-ridden retailer Steinhoff International Holdings NV, has died at 63.
Steinhoff, the former owner of Conforama in France and Mattress Firm in the US, had been battling to survive ever since auditors refused to sign off on its financials in late 2017.Jooste’s death occurred in his hometown of Hermanus, South Africa, according to a person familiar with the situation who wasn’t authorised to comment and therefore asked not to be named.
Artificial transactions were allegedly used to manipulate balance sheets by more than €1.5 billion . Additionally, the value of real estate assets was inflated, prosecutors have said. A forensic probe by auditor PwC uncovered €6.5 billion of irregular transactions with eight firms over eight years.
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