The Johannesburg Stock Exchange has come down on former Steinhoff Chief Financial Officer Ben la Grange. It disqualified him from acting as a company director for 10 years and fined him a total of R2m.
This is because he processed a fictitious hand-written invoice for more than R376m. The invoice was handed to him by disgraced former Steinhoff CEO Markus Jooste in 2016. Steinhoff’s share price crashed in December 2017 after reports of accounting fraud.
The JSE found that La Grange, who said he was not aware the invoice was false, should have tried harder to check if it was genuine.
Source: eNCA
In other news – Big Zulu catches feelings and wants to beat up Duncan over his explosive diss track
Mzansi hip-hop star, Big Zulu has been a trending topic for the past week as he is touted as the rapper who was instrumental in “reviving” Hip-Hop.
This is as the iNkabi Nation frontman released his explosive diss track 150 Bars. Initially, intended as a diss track which was meant to inspire rappers to return to rapping. It was all fun and games until Duncan entered the chat with his reply diss track titled Big Ndunu. Learn more
