
Former Steinhoff director jailed for 5 years in R376m fraud case
Iwan Schelbert admitted to his role in generating a fraudulent invoice that helped to inflate Steinhoff at Work’s accounts.

Iwan Schelbert admitted to his role in generating a fraudulent invoice that helped to inflate Steinhoff at Work’s accounts.

The National Prosecuting Authority’s indictment against former Steinhoff executives lays bare a ‘sophisticated washing machine’ that generated ‘entirely illusory profits’.