Steinhoff Pair Face Trial Over Alleged $1.7 Billion Fraud (1)

Two people charged over the accounting scandal at furniture retailer Steinhoff International Holdings NV must stand trial in Germany.

The Oldenburg Regional Court ruled on Monday that the charges against the pair can go to trial. Meanwhile, cases of two other executives who are living abroad should be handled separately, the tribunal said in an emailed statement.

While the court didn’t identify the accused, the facts depicted in the statement show the cases concern Stellenbosch, South Africa-based Steinhoff. The charges against the people living outside Germany were split off to avoid delays due to the Coronavirus pandemic, the court said. ...