Accounting fraud

Steinhoff International Holdings NV’s finances are in a mess. Now it’s going after those who presided over the fiasco.

Steinhoff International Holdings NV’s shares plunged to a record low after the retailer warned of impairments beyond the 6 billion euros ($7.2 billion) reported in December and said it’s facing at least five lawsuits.

Lawyers for the hip-hop mogul don't want him to testify in a probe of a firm he did business with more than a decade ago.

The hip-hop mogul is in hot water with Wall Street’s top regulator.

The former executive was found guilty of orchestrating an accounting fraud to arrive at the $10.3 billion price Hewlett-Packard Co. paid for the U.K. software maker more than six years ago.

The electronics maker's in-flight-entertainment unit improperly hid payments to consultants in the Middle East and Asia.

The embattled retailer's chairwoman appealed for shareholder support for an ongoing investigation into the smoldering wreckage left by the accounting scandal.

One of Noble Group Ltd.’s largest shareholders has stepped up criticism of the embattled commodity trader, describing losses as “shocking” and warning the billions in red ink will pile more pressure on investors to agree to a controversial debt-for-equity rescue plan that it opposes.

To prosecutors, Hewlett-Packard Co.’s purchase of Autonomy Corp. was akin to buying a Pinto dressed up as a Cadillac.

Steinhoff International Holdings NV lost a case against a former business partner related to how it reported financials for 2016, the first major legal setback for the global retailer as it battles an accounting scandal.

The Association of Certified Fraud Examiners appointed a new CEO and president, Bruce Dorris, succeeding longtime leader Jim Ratley, who will be retiring.

The fraud trial of three former Tesco Plc executives was halted when one of them, ex-U.K. Chief Financial Officer Carl Rogberg, had a heart attack days before the jury was due to begin deliberations.

Steinhoff International Holdings NV’s accounting scandal is getting costly for U.S. banks.

The four-month trial of three former Tesco Plc U.K. executives accused of fraud and false accounting over a 250 million-pound ($341 million) profit black hole at the grocer is nearly at an end.

Steinhoff International Holdings NV, the South African retail giant consumed by an accounting scandal, said some of its business units need “significant near-term liquidity” as its chief financial officer stepped down to focus on rescue efforts.

Shares of Steinhoff International Holdings NV rose after the South African retail giant said it will restate financial results going back as far as 2015 amid a probe into accounting irregularities.

Steinhoff International Holdings NV assembled a crisis team of insiders to try to rescue the global retailer amid a crunch meeting with bankers that may determine the company’s future.

It looked like Steinhoff International Holdings NV had reached escape velocity from South Africa’s deepening economic gloom: A furniture retailer emulating Ikea’s model and global ambitions, built by men with their own compelling rags-to-riches stories.

Christo Wiese’s grip on his global furniture retailing empire is slipping after the South African billionaire resigned from the board of troubled Steinhoff International Holdings NV and creditors forced a sale of part of his stake.

Steinhoff International Holdings NV Chairman Christo Wiese, seeking to stabilize the embattled retailer, is negotiating a standstill agreement on a 1.5 billion-euro ($1.8 billion) margin loan under which banks would suspend the sale of stock until next year, according to people with knowledge of the discussions.