
Former Steinhoff executive Stéhan Grobler fined R358.75m
The FSCA says Grobler contravened the Financial Markets Act by publishing false or misleading financial statements between 2014 and 2017.

The FSCA says Grobler contravened the Financial Markets Act by publishing false or misleading financial statements between 2014 and 2017.

With a finalised charge sheet due within the next two weeks, three ex-Steinhoff managers accused of serious financial crimes inch closer to trial in one of South Africa’s biggest corporate fraud cases.

The arrest of two more former Steinhoff executives ties back to a fraudulent scheme involving a handwritten note by Markus Jooste.

Stephanus Grobler, who is facing multiple charges including racketeering and fraud, is due to appear in court in February next year.

The NPA indictment against former executives Stéhan Grobler and Ben la Grange details how they earned millions due to inflated share prices based on false profits.