Hit by an unprecedented accounting and legal scandal, the Managing Director of Steinhoff International Holdings Markus Jooste resigned in December after 17 years. Christo Wiese, current Chairman and controlling shareholder also left the firm in mid December.
The German public prosecutor’s office (Steinhoff is listed in Frankfurt and has offices in Lower Saxony) has been investigating possible financial irregularities since 2015. These are alleged to include account falsification and
Steinhoff without C.E.O.
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