Deloitte taken to court over Steinhoff scandal
The Dutch Investors’ Association VEB has summoned Deloitte to appear before the district court in Rotterdam for breach of their obligations as auditors regarding the Steinhoff scandal.
Armand Kersten said that "by incorrectly providing an unqualified report for Steinhoff’s financial statements for 2016, Deloitte seriously failed its duties as laid down by law for auditors".
The court cases have been mounting against Steinhoff, with Coronation also announcing they will be taking legal action against Steinhoff in May.
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Head of Trading and Portfolio Analyst
Stephan heads up Sharenet’s trading desk and is a full-time trader and portfolio analyst, also responsible for equity research across industries. Stephan developed his passion for the markets while working in the Stockbroking division of Standard Bank and is especially passionate about CFD trading. Stephan studied at the University of Stellenbosch and completed a BComm Honours (Business Management) with a focus in Portfolio Management and Bonds. He has also passed the JSE Equity Trader’s Exam, RE5 (Representative) and RE1 (Key individual) Exams as well as the Registered Persons Exams (RPEs) in order to give advice on equities.