Steinhoff Ex-CFO Jailed Over Accounts Scandal at Global Retailer
- La Grange only prosecuted after ex-boss Jooste died by suicide
- Sentence was reduced after he cooperated with authorities
Ben La Grange
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Steinhoff International Holdings NV’s former chief financial officer was handed a five-year jail term, making him the most senior executive to be imprisoned by a South African court over an accounting scandal that led to the near-collapse of the global retailer.
Ben la Grange, 50, whose official sentence is 10 years after pleading to one charge of fraud, won some leniency in a judgment at Pretoria Specialised Commercial Crimes Court because he’d repeatedly cooperated with investigators.