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Steinhoff scandal grows as it reveals 2016 results not reliable

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The financial scandal surrounding Steinhoff has been further exacerbated as the retail group reveals that it must restate its 2016 financial results due to inaccuracy. The South African retail giant, which was plunged into controversy earlier this month when its chief executive Marcus Joost quit unexpectedly over “accounting irregularities”, has revealed that its accounting troubles date back to 2016.

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Steinhoff scandal grows as it reveals 2016 results not reliable

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