Another Corporate scandal: Steinhoff accused of essentially being a Ponzi scheme

Share price has collapsed. Markus Jooste resigns amid alleged accounting irregularities regarding related parties. Deloitte will no doubt have some questions to answer.

https://viceroyresearch.org/2017/12/06/steinhoffs-skeletons-off-balance-sheet-entities-inflating-earnings-obscuring-losses/amp/

https://viceroyresearch.files.wordpress.com/2017/12/steinhoff-article-viceroy2.pdf