More than a year after the death of former Steinhoff CEO Markus Jooste, key questions remain unanswered. Jooste allegedly died by suicide in Hermanus, Cape Town, after learning of an arrest warrant against him. However, uncertainties persist over the post-mortem details, weapon evidence, and the completeness of the investigation.
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While a police source claimed there is no post-mortem or ballistic report in the docket, the Western Cape police stated both had been conducted and submitted for court purposes. A formal inquest is planned, though no date has been confirmed.
Jooste faced a R475 million fine from the Financial Sector Conduct Authority for his role in Steinhoff's massive accounting fraud. A PwC audit revealed fake transactions worth $6.5 billion, causing a 98% collapse in Steinhoff's share value in 2017. He resigned but denied involvement in fraud and was later fined for insider trading.
Critics, including the Progressive Civics Congress and crime expert Mary de Haas, argue that the lack of transparency fuels suspicion. They highlight concerns over potential cover-ups, inadequate oversight by unions, and the broader pattern of unsolved financial scandals in South Africa, leaving the public demanding answers and accountability.
Source: www.iol.co.za