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The Star reports that labour federation Cosatu has joined MPs in slamming the National Prosecuting Authority (NPA) and the Hawks for failing to rein in those who were responsible for the fraud at retail giant Steinhoff.
On Tuesday, MPs said the collapse of Steinhoff had been a result of a few senior executives, and they were surprised the Hawks and NPA had been slow in prosecuting those involved. Steinhoff chief executive Louis du Preez named several former executives as being linked to the scandal, after PwC released a forensic report last Friday. Markus Jooste, the former chief executive, was named in the PwC report as one of those who inflated prices and the assets of the company by more than R100-billion. Cosatu said it wanted Jooste’s assets seized and the law enforcement agencies to recover stolen monies. “Cosatu calls for decisive action from the Hawks and the NPA. The federation calls upon Parliament to increase their oversight of the Steinhoff debacle investigation and prosecutions,” it exhorted. The acting head of the Special Commercial Crimes Unit in the NPA, advocate Mpho Doubada, indicated that they could not begin prosecution until the Hawks had concluded their investigations. He said another delaying factor was the complexity in nature of the cases, as Steinhoff operated in several countries.
- Read the full original of Siyabonga Mkhwanazi’s report on this story at Independent News
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