Three top Steinhoff executives have been formally charged in Germany with balance sheet fraud which allegedly took place in 2015.
While 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 amongst the three charged.
The charges carry a maximum sentence of a three-year prison term.
Please Log in or Create an account to join the conversation.
