January 31, 2018 / 8:46 AM / in 9 months

Steinhoff's former chairman Wiese says accounting scandal like "bolt from blue"

CAPE TOWN, Jan 31 (Reuters) - The former chairman of Steinhoff , Christo Wiese, told parliament on Wednesday that the accounting scandal at the company “came like a bolt from the blue”.

Wiese said he became aware of problems at Steinhoff three working days before the company’s accounts had to finalised for a board meeting in December. He said Steinhoff was in “absolute turmoil” at the time. (Reporting by Wendell Roelf; Writing by Alexander Winning; Editing by James Macharia)

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