Steinhoff executive Gerhardus Burger receives a suspended five-year sentence for insider trading in South Africa.
Gerhardus Burger, a former Steinhoff executive, received a suspended five-year sentence after pleading guilty to insider trading in South Africa. He was ordered to forfeit profits from his share sales. His arrest follows that of a 79-year-old suspect, accused of selling shares based on a tip from late CEO Markus Jooste, who faced significant financial penalties before his death. Investigations into the Steinhoff scandal continue, with other former executives planning to plead not guilty.
September 26, 2024
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