Ex-Steinhoff CEO Jooste Dies Day After He’s Fined $25 Million
- Police in his hometown say a man of his age died by gunshot
- He had received a record fine by regulator just one day before
Markus Jooste
Photographer: Rodger Bosch/AFP/Getty Images
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Markus Jooste, former chief executive officer of scandal-ridden retailer Steinhoff International Holdings NV, has died at 63.
His death comes just one day after South Africa’s financial regulator levied a 475 million rand ($25 million) fine against him for making and publishing false, misleading or deceptive statements about the company. That was in addition to a 20 million rand previously levied by the regulator for insider trading.