Poundland parent reports former CEO on suspicion of corruption
The former chief executive of Poundland owner Steinhoff has been reported to the South African authorities by his old employer.
The company, which acquired the Black Country retailer in 2016 for £610m, has been mired in controversy since in revealed in December major accounting concerns.
The group’s shares plunged almost 85% when the affair was made public and concerns about the group’s standing have reached the highest levels of government.
In a briefing to the South African parliament, Steinhoff said that former CEO Ma... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
