Steinhoff shares plunge 66% as CEO quits amid accounting scandal

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Steinhoff shares plunge 66% as CEO quits amid accounting scandal

Poundland parent company Steinhoff International has seen its shares plummet 66 per cent as its chief executive resigned with immediate effect amid an accounting scandal. The South African company has also postponed its full-year results, which were meant to be released today. Steinhoff said the
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Steinhoff shares sink as CEO Jooske leaves amid 'accounting irregularities'

Steinhoff International shares plummeted on Wednesday as its chief executive officer Markus Jooste resigned with immediate effect amid “accounting irregularities”, while the release of the company's 2017 numbers has been postponed. The group, which owns more than 40 local brands in over 30
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Consumer Bureau's New Leader Steers a Sudden Reversal

The defanging of a federal consumer watchdog agency began last week in a federal courthouse in San Francisco. After a nearly three-year legal skirmish, the Consumer Financial Protection Bureau appeared to have been victorious.
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Steinhoff Shares Plunge After CEO Quits Amid Accounting Probe — Update

On Wednesday, Steinhoff said it had approached accountancy firm PwC to conduct an independent investigation in light of what it said was new information relating to accounting irregularities. It didn't detail any specific issues. The company had been expected to release its results for the year ended
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