Steinhoff's Former Legal Head Fined R358 Million for Financial Misconduct

South Africa: FSCA Slaps Ex-Steinhoff Legal and Treasury Chief Grobler With R359m Fraud Fine

The net tightens around Steinhoff's inner circle. With a R359-million penalty, the FSCA signals that accountability for one of South Africa's biggest corporate collapses will not end with boardroom exits or tragedy, but with personal financial consequences.

Steinhoff's former legal head fined R358 million for financial misconduct

Steinhoff’s Stephanus Grobler fined $18.9 million by FSCA

FSCA fines former Steinhoff executive Stephanus Grobler $18.9m for issuing false and misleading financial statements from 2014 to 2017.

Former Steinhoff executive Stéhan Grobler fined R358.75m – Moonstone Information Refinery

The Financial Sector Conduct Authority has imposed an administrative penalty of R358.75 million on Stephanus Johannes (Stéhan) Grobler (pictured) for contraventions of the Financial Markets Act (FMA) arising from Steinhoff International Holdings NV’s financial statements for the 2014, 2015, and 2016 financial years and the 2017 half-year. In a statement released today (2 March), the regulator said its investigation found that Grobler had contrav…