Forensic report into Steinhoff shows top execs inflated profits for years

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Steinhoff International [JSE:SNH] announced on Friday afternoon that a “small group” of former Steinhoff executives, in concert with executives at other companies, for years inflated the profit and asset values of the Steinhoff group.

This was included in an overview of a forensic probe into the company’s financial statements conducted by PricewaterhouseCoopers Advisory Services.

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