Ex-Steinhoff Europe CFO Says He Knew About Sham Deals at Scandal-Hit Retailer
- German authorities first searched the Europe offices in 2015
- Co-accused Siegmar Schmidt wants to talk more with prosecutors
Steinhoff International Holdings NV in Stellenbosch, South Africa.
Photographer: Dwayne Senior/BloombergThis article is for subscribers only.
Steinhoff International Holdings NV’s ex-head of finance in Europe said he knew about sham deals at the retailer and intends to give German prosecutors more evidence to bolster their case, making him the first person connected to scandal-hit firm to admit to such wrongdoing.
Dirk Schreiber has told a German court that he shouldn’t have accounted for the bogus business deals, according to a spokesperson at the regional court in Oldenburg. Schreiber is scheduled to appear in court again with co-accused Siegmar Schmidt on June 19, the court said in a statement on Wednesday.