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[Squideye]

eNCA...

 

[Squideye]

  Official...

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[Staghorn]

Copied from the live feed (1h ago)

 

As German prosecutors apply for arrest warrant, SA authorities deny holding Jooste's passport

The Hawks, the SA Reserve Bank and the Financial Sector Conduct Authority (FSCA) have all denied holding Markus Jooste's passport after the disgraced former Steinhoff CEO failed to appear in a German court.

On Tuesday morning, Jooste was supposed to attend his criminal trial in Oldenburg in that country, but his defence team claimed he was unable to travel owing to passport problems, and that he ran the risk of being arrested if he tried to leave South Africa.

The German news outlet Stern reported that German prosecutors have applied for an arrest warrant against Jooste. According to Stern, public prosecutor Frank Lohmann said Jooste posed a flight risk and seemingly wanted to avoid the legal process in Germany.No warrant has yet been issued, however.

Meanwhile the Reserve Bank, which obtained a preservation order against Jooste last year, denied that it had Jooste's passport. The Financial Sector Conduct Authority (FSCA) and the Hawks also confirmed that they don't have his passport either. The National Prosecuting Authority (NPA) didn't respond to requests for comment.

Colonel Katlego Mogale, spokesperson for the Hawks, said that law enforcement officers could only take someone's passport if that person has been charged by the courts and deemed a flight risk by a judge. Mogale repeated that the Hawks are waiting for the case in Germany to be completed before it will take action against Jooste.

On Tuesday morning, German prosecutors hit back at Jooste's defence team in court.

They said that Jooste handed over his passport to his South African lawyers, and that it hadn't been confiscated by South African authorities. Given Jooste's absence, the prosecutors, his defence team and the German judges will now decide behind closed doors how to proceed. The German authorities could, in theory, issue an arrest warrant.

[Staghorn]

German prosecutors apply for arrest warrant for Markus Jooste | Business (news24.com)

[Squideye]

Markus J...

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[Squideye]

Former Steinhoff CEO Markus Jooste's fraud trial: Discussions with legal expert Nthabiseng Dubazana...

 

[Squideye]

Jooste trial Live Feed @ https://www.news24.c...uesday-20230417

[Squideye]

Financial reporter Rob Rose spoke with eNCA's business anchor Devan Murugan about Mark Jooste's first day in court..

 

[Squideye]

  Markus Jooste se Duitse hofsaak: 5 dinge wat jy wil weet. Die eerste hofsaak waarin Markus Jooste (62), voormalige hoof van Steinhoff, van ’n misdaad aangekla word, begin Dinsdag in Oldenburg, Duitsland. Hier is alles wat jy moet weet. Oldenburg is 25 km noordwes van Westerstede geleë waar die aanvanklike meubelgroep Steinhoff in 1964 deur Bruno Steinhoff (85) begin is. ’n Klopjag is in November 2015 op ’n kantoor van ’n Europese filiaal, Steinhoff Europe Group Services, in Westerstede uitgevoer. Dit was sowat twee weke voordat Steinhoff, wat van 1998 af op die JSE genoteer is, sy hoofnotering in Frankfurt in Duitsland gekry het.

 

https://www.netwerk2...l-weet-20230415

[Squideye]

  Summary...

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[Squideye]

  Markus Jooste se hofsaak begin Dinsdag in Duitsland – gaan hy daar wees? Dinsdag om 09:00, presies 5 jaar, 4 maande en 8 dae nadat Markus Jooste as uitvoerende hoof van Steinhoff bedank het, begin sy langverwagte strafsaak in ’n Duitse hof. Sedert hy uitgetree het by die maatskappy wat hy langer as ’n dekade bestuur het, is sy rol in die grootste korporatiewe bedrog tot dusver in Suid-Afrika al in honderde koerantberigte, ’n handvol boeke en die Showmax-dokumentêr Steinheist ontleed. Die afgelope vyf jaar het Jooste sy bes probeer om uit die kollig te bly – hy het sy tyd tussen sy Hermanus-herehuis, die Lanzerac-wynlandgoed in Stellenbosch, vriende se spoggerige eiendom op gholflandgoedere en, as gerugte geglo kan word, selfs op luukse seiljagte deurgebring.

 

https://www.netwerk2...r-wees-20230415

[Zanme]

The reason is probably that many naïve retail shareholders in German-speaking countries are hanging like ticks on the ass of a certain sectarian guru called DEOL and a few other scumbags and believe their smears and defamations of the Steinhoff management, accusations of fraud towards the present Steinhoff management, dark forces such as hedge funds, short sellers, share price manipulations etc. and are strongly encouraged to continue buying and definitely not to sell under any circumstances. At the moment the SdK is being praised as the great messiah who will turn all retail investors and their eventual losses into huge profits. Not everyone is a dumb fool and listens to these bozos...

At least they taking on your Stellenbosch

[Squideye]

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   Markus J....

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Edited by Squideye, 14 April 2023 - 05:56 AM.

[Squideye]

Steinhoff extends consultation period on draft restructuring plan by about a week @ https://www.news24.c...a-week-20230413

[Olymphia]

Tradegate is upover 30%

[Olymphia]

Tradegate is upover 30%

[Africa1962]

 

  The reason is probably that many naïve retail shareholders in German-speaking countries are hanging like ticks on the ass of a certain sectarian guru called DEOL and a few other scumbags and believe their smears and defamations of the Steinhoff management, accusations of fraud towards the present Steinhoff management, dark forces such as hedge funds, short sellers, share price manipulations etc. and are strongly encouraged to continue buying and definitely not to sell under any circumstances. At the moment the SdK is being praised as the great messiah who will turn all retail investors and their eventual losses into huge profits. Not everyone is a dumb fool and listens to these bozos...

 

 

yip.....i am going to wait for the liquidation to happen and at what price per share before even considering buying any stock...would want to pick it up at R0.01c and get R0.10c back.....wishful thinking

[Squideye]

I have been trying to figure out why so many people are still buying up shares as it seems like a lost cause. 

 

  The reason is probably that many naïve retail shareholders in German-speaking countries are hanging like ticks on the ass of a certain sectarian guru called DEOL and a few other scumbags and believe their smears and defamations of the Steinhoff management, accusations of fraud towards the present Steinhoff management, dark forces such as hedge funds, short sellers, share price manipulations etc. and are strongly encouraged to continue buying and definitely not to sell under any circumstances. At the moment the SdK is being praised as the great messiah who will turn all retail investors and their eventual losses into huge profits. Not everyone is a dumb fool and listens to these bozos...

[Tom]

"

if you sell a controlling share in a company there is something called a control premium.

Steinhoff would surely have been in a better position should it have owned 50% or more of Pepkor.

anyone wanting control of Pepkor would need to pay R24.08 a share (a 40% premium) against R17.24 (its 12-month high — rule of thumb) at a bare minimum. I even think you could have pushed the price to reflect an 18 times p:e (±R30 a share).

This just looks like another sad case of overpaid directors. If Steinhoff equity is worth nothing ((as claimed)), please can we ask for the PwC report? ((or why still hiding it ! ))

"

Edited by Tom, 13 April 2023 - 08:57 AM.