The former Steinhoff CEO has been reported to the Hawks for suspected offences in terms of the Prevention and Combating of Corrupt Activities Act.
Steinhoff is appearing before Parliament today after it was revealed the company’s financial statements accounting irregularities.
The company’s acting chairwoman Heather Sonn, who is sitting before the committee, says she has reported former CEO Markus Jooste to the Hawks.
The Financial Services Board (FSB) says it is also investigating two cases of possible insider trading and one of false or misleading statements relating to Steinhoff.
According to FSB it requested information from German authorities, including the Frankfurt Stock Exchange, and is in regular contact with the Johannesburg Stock Exchange.
The Government Employees Pension Fund (GEPF) revealed its shareholding in Steinhoff depreciated from R24.1-billion on 30 November 2017 to R1.8-billion by 31 December 2017.
The giant retailer asked PwC to investigate those irregularities, and postponed the release of its financial results.