Former chief executive Markus Jooste of furniture retailer Steinhoff has been officially identified as one of the perpetrators in a fraud investigation at the South African company. A total of eight people were named in that study. Steinhoff was forced by a South African parliamentary committee to reveal the names.

According to Steinhoff, disclosing the names can hinder investigations. It is also possible to violate European privacy legislation.

With the investigation Steinhoff will now pay more attention to the actual fraud cases with a value of approximately $ 7.4 billion. Next month the company wants to publish the revised annual accounts for 2017 and 2018.

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