CAPE TOWN - Former Steinhoff chief financial officer (CFO) Ben la Grange told members of parliament that he knew about the fraud at Steinhoff on the weekend of December 2, 2017.
La Grange was given the Deloitte report when he was called into a meeting with the audit committee.
The former CFO said: “I was shocked at what is in the report."
La Grange said that he was surprised by Deloitte's findings and more importantly that the profits were inflated.
The executive went on to tell MPs that he wanted to wait for chief executive Markus Jooste to comment on the revelations on the report.
At the time Jooste was on a plane back to South Africa and did not show up to an audit committee meeting. Jooste did say that he knew something was wrong.
La Grange made it very clear that he was not Jooste's friend and in-fact they did not socialise outside of work, they were strictly colleagues.
“I believe there was limited sharing of information from Jooste to myself,” la Grange said.
It should be noted that according to la Grange certain relationships between Jooste and other third parties were not disclosed to him or the company.
La Grange said that had he known about transactions that were in fact influenced by Jooste, he would have accounted for the transactions differently.
- BUSINESS REPORT ONLINE