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"contents": "<em>This article and video contain discussions of suicide, which may be triggering and upsetting.</em>\r\n\r\n[embed]https://youtu.be/MRhlSa4zj90?si=MHJAhJm5SFQdyzkh[/embed]\r\n\r\n<span style=\"font-weight: 400;\">“Is Markus Jooste missing? Police STILL can’t confirm death of wanted man,” ran a headline on</span><a href=\"https://www.thesouthafrican.com/lifestyle/markus-jooste-body-funeral-death-steinhoff-gavin-watson-latest-news/\"> <i><span style=\"font-weight: 400;\">The South African</span></i><span style=\"font-weight: 400;\"> website</span></a><span style=\"font-weight: 400;\">, while </span><i><span style=\"font-weight: 400;\">IOL</span></i><span style=\"font-weight: 400;\"> went with the blunt question:</span><a href=\"https://www.iol.co.za/sundayindependent/news/where-is-markus-joostes-body-54f888b2-0f6c-4e92-b88c-0390467a469d\"> <span style=\"font-weight: 400;\">“Where is Markus Jooste’s body?</span></a><span style=\"font-weight: 400;\">”</span>\r\n\r\n<span style=\"font-weight: 400;\">It is true that the police have been cagey about information on the circumstances of</span><a href=\"https://www.dailymaverick.co.za/article_tag/markus-jooste/\"> <span style=\"font-weight: 400;\">Jooste</span></a><span style=\"font-weight: 400;\">’s death and burial. But there seems to be little doubt that the disgraced Steinhoff CEO took his own life on 21 March. </span>\r\n\r\n<i><span style=\"font-weight: 400;\">Daily Maverick</span></i><span style=\"font-weight: 400;\">, for instance,</span><a href=\"https://www.dailymaverick.co.za/article/2024-03-21-steinhoff-mastermind-markus-jooste-reportedly-commits-suicide-shortly-after-r475m-fine/\"> <span style=\"font-weight: 400;\">quoted an eyewitness</span></a><span style=\"font-weight: 400;\"> who was clearly familiar with Jooste and who was able to describe the scene of the shooting and the arrival of emergency services on the scene.</span>\r\n\r\n<i><span style=\"font-weight: 400;\">News24</span></i><span style=\"font-weight: 400;\">’s</span><a href=\"https://www.news24.com/fin24/companies/former-steinhoff-ceo-markus-jooste-dead-20240321\"> <span style=\"font-weight: 400;\">reporting</span></a><span style=\"font-weight: 400;\">, meanwhile, included further details, such as that Jooste had told his wife he was going for a walk and waited for her to leave to play golf before going out and shooting himself.</span>\r\n\r\n<span style=\"font-weight: 400;\">Jooste’s suicide reportedly took place a day after the Financial Sector Conduct Authority imposed a </span><a href=\"https://www.dailymaverick.co.za/article/2024-03-21-steinhoff-mastermind-markus-jooste-reportedly-commits-suicide-shortly-after-r475m-fine/\"><span style=\"font-weight: 400;\">R475-million fine</span></a><span style=\"font-weight: 400;\"> on him for the Steinhoff fraud and indicated that it would pursue a criminal investigation. There have been separate reports that Jooste caught wind of the fact that the Hawks were due to arrest him within days.</span>\r\n\r\n<i><span style=\"font-weight: 400;\">The South African</span></i><span style=\"font-weight: 400;\"> website cited the </span><i><span style=\"font-weight: 400;\">Sunday Independent</span></i><span style=\"font-weight: 400;\"> as reporting that “police still have no information regarding the death or location of Markus Jooste’s body”.</span>\r\n\r\n<span style=\"font-weight: 400;\">But not even the </span><i><span style=\"font-weight: 400;\">Sunday Independent</span></i><span style=\"font-weight: 400;\"> is making the claim that police have no information about Jooste’s death. </span>\r\n\r\n<span style=\"font-weight: 400;\">Police told the newspaper they had opened an inquest docket into his death and were investigating, with no details to be released at that time. </span>\r\n\r\n<span style=\"font-weight: 400;\">The</span><i><span style=\"font-weight: 400;\"> Sunday Independent</span></i><span style=\"font-weight: 400;\"> reported that police were refusing to divulge the details of where Jooste’s body was or whether it had been buried, which the paper seemed to suggest was suspicious. </span>\r\n\r\n<span style=\"font-weight: 400;\">But it is highly unlikely that authorities would publically release this kind of information about a private citizen’s death, regardless of how controversial that citizen was.</span>\r\n\r\n<span style=\"font-weight: 400;\">It is also likely that Jooste’s family would wish to keep the details around any funeral or memorial confidential, given Jooste’s criminal offences.</span>\r\n\r\n<span style=\"font-weight: 400;\">It’s easy to understand why this particular conspiracy theory has taken off, given the fact that South Africa has seen instances of deaths being faked. In particular, the so-called Facebook rapist, Thabo Bester, was famously able to escape prison by faking his own death.</span>\r\n\r\n<span style=\"font-weight: 400;\">But in the case of Jooste, on the basis of the facts reported so far, there seems little doubt that the corporate swindler is indeed deceased. </span><b>DM</b>",
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"description": " \r\n\r\nMarkus Jooste is a South African businessman who was the CEO of Steinhoff International from 2001 to 2017. He is alleged to have masterminded the company's widespread accounting fraud, which resulted in the collapse of its share price and the loss of billions of dollars in shareholder value. Jooste resigned from Steinhoff in December 2017 and when he fled South Africa.\r\n\r\nUnder Jooste's leadership, Steinhoff grew rapidly through a series of acquisitions. The company acquired a number of well-known brands, including Conforama, Poundland, and Mattress Firm. Steinhoff's share price soared and Jooste was hailed as a business genius.\r\n\r\nHowever, in 2017, it was revealed that Steinhoff had been engaged in widespread accounting fraud. The fraud involved a complex scheme of intercompany loans and asset transfers that were used to inflate the company's profits. Steinhoff also overstated its inventory levels and used aggressive accounting practices to make its financial statements look more favourable.\r\n\r\nThe fraud wiped out billions of dollars in shareholder value and left thousands of investors out of pocket. Jooste resigned from Steinhoff in December 2017 and has since fled South Africa.\r\n\r\nJooste is facing criminal charges in South Africa and Germany. He is also being investigated by the US Securities and Exchange Commission. It is unclear whether he will ever be brought to justice.",
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