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NPA should not be criticized for the slowness of the Steinhoff probe

By Staff reporter March 6, 2021

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Former Steinhoff chairman Christo Wiese reportedly told News24 that the national prosecution should not be blamed for the slow Steinhoff investigation. He said the case was complicated.

It comes after three senior Steinhoff executives were indicted in Germany on Thursday.

The 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 his former chief for the Europe, Dirk Schreiber, are among the three accused.

The charges carry a three-year prison term.

Steinhoff’s financial errors investigation is twofold, with the other part being conducted by the South African Crack Investigation Unit, the Hawks.

Wiese, who served as chairman of the furniture company’s supervisory board in 2016-17, told the publication people should not blame the NPA for not arresting the executives yet. He said it took the Germans almost five years to complete their investigation.

The NPA has been criticized for being slow to prosecute Steinhoff’s leaders for what it called a lack of funds.

The Economic Freedom Fighters Political Party on Wednesday asked Justice Minister Ronald Lamola why the leaders had not been arrested.

Steinhoff has since offered R30 million to the NPA to help with its forensic investigation, but the investigation unit has been called into question for its acceptance of the funds.

The EFF also condemned the NPA for accepting Steinhoff’s funds, citing a conflict of interest.

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NPA should not be criticized for the slowness of the Steinhoff probe

Source link NPA should not be criticized for the slowness of the Steinhoff probe

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