Steinhoff executive signed a deal to avoid a fine in South Africa but was sent to jail in Germany

• Dirk Schreiber, the former finance chief of Steinhoff's Europe division, was sentenced to a three-and-a-half-year prison stint in Germany despite signing a deal to avoid a fine in South Africa.
• The FSCA's investigation into Steinhoff found that executives entered into deceptive transactions, published false financial statements, and misled the market, resulting in a record-breaking R1.5 billion administrative penalty and penalties for individual executives.
• The FSCA has imposed a total of R910 million in administrative penalties on individuals implicated in the Steinhoff scandal, with the largest fine being R495 million for the former CEO Markus Jooste, and Dirk Schreiber's imprisonment in Germany is the first related to the scandal.