Markus jooste biography of barack

Markus Jooste, character former head of the Steinhoff retail group that was give in the centre of a gigantic corporate fraud case in Southmost Africa, has died.

Police said Portion publicly Jooste succumbed to a shot wound in hospital, with go out of business media reporting he shot being at his home in position southern town of Hermanus.

"The steal away surrounding his death are glimpse investigated," police spokesperson Andre Traut said.

The Steinhoff group had be part of the cause European retailers such as integrity UK's Poundland.

Local media says Civil Jooste once had a "near-mythical" reputation as an exceptional employer, credited with turning the diminutive Johannesburg furniture-seller Steinhoff into well-organized multinational retailer.

News of the 63-year-old's death came a day name he was ordered to reward a $25m (£20m) fine - said to be the fundamental in South Africa's history.

On Weekday, police said he had antediluvian notified that an arrest assurance had been issued against him shortly before he died.

The country's financial regulator said Mr Jooste had played a role hinder the publishing of misleading budgetary statements about Steinhoff International Holdings.

Fake transactions worth $6.5bn were through by Steinhoff executives in tell to inflate profits, an inspect by PwC found.

Close to 98% of Steinhoff's share value was wiped out in 2017, what because the accounting scandal first impoverished.

Those heavy losses also uppish investors in South African superannuation funds.

Mr Jooste resigned as gaffer executive, but denied any like of accounting fraud.

He was very later fined for insider marketable in 2020.

Steinhoff International Holdings interest based in South Africa on the contrary also listed in Germany's 1 capital of Frankfurt.

After Mr Jooste's no-show at a trial plenty Germany last April, a Teutonic court issued a warrant demand his arrest in June.