Criminal Law News South Africa

Subscribe

Elections 2024

Ebrahim Harvey responds to our last video with him.

Ebrahim Harvey responds to our last video with him.

sona.co.za

Advertise your job ad
    Search jobs

    Former Steinhoff director appears in court for fraud, racketeering

    Former Steinhoff director Stephanus Grobler has appeared in court on charges of racketeering, three counts of fraud worth R21bn, manipulation of financial statements and failure to report fraudulent activities.
    Image source: Getty Images
    Image source: Getty Images

    Grobler appeared in the Pretoria Specialised Commercial Crimes Court on Monday where he was granted bail of R150,000.

    National Prosecuting Authority (NPA) spokesperson Lumka Mahanjana explained that Grobler and then Steinhoff chief executive officer, Markus Jooste – who has since been reported dead – allegedly committed acts of racketeering between 2014 and 2016 within the company.

    “During that period, it is alleged that Jooste played a major role in the management of the criminal enterprise. Furthermore, it is alleged that Grobler created documentation of transactions that supported the fraudulent transactions used to inflate and falsify the annual financial statement of the Steinhoff Group.

    “In court, using an affidavit, Grobler told the court that he intended to plead not guilty to the charges, and would prove his innocence. He further asked the court to release him on bail,” Mahanjana said.

    According to the spokesperson, the prosecution opposed the bail application on account of the seriousness of the crime and indicated that Grobler is a flight risk.

    “In delivering the judgment, Magistrate Nicca Setshogoe granted him bail with conditions that he should report to Brooklyn police station twice a week, Monday and Friday. He should hand over his two passports to the investigating officer and is not allowed to apply for a new one.

    “He should hand over his two firearms to the police. He is not allowed to leave Gauteng province without informing the investigation officer. [He] must not interfere with state witnesses,” Mahanjana said.

    The matter is expected back in the court on 26 June 2024.

    Source: SAnews.gov.za

    SAnews.gov.za is a South African government news service, published by the Government Communication and Information System (GCIS). SAnews.gov.za (formerly BuaNews) was established to provide quick and easy access to articles and feature stories aimed at keeping the public informed about the implementation of government mandates.

    Go to: http://www.sanews.gov.za
    Let's do Biz