The cited record supports the material proposition.
A German court convicted two former managing directors of a Steinhoff subsidiary over false balance sheet presentation.
- Claim made by
- dpa, press report
- Published
- 21 August 2023
- Evidence score
- 61 How it was scored
- Last reviewed
- 25 October 2026
Why this label
dpa-AFX reported that the Oldenburg Regional Court convicted two former managing directors of Steinhoff Europe Group ServicesS4. One received three years and six months for false balance sheet presentation and aiding credit fraud. The other received a suspended two year term. The report says the verdict was not yet finalS4. Prosecutors estimated effects above EUR 2.3 billion, including time barred acts. That is a prosecution figure, not a court finding. The court judgment itself was not read, and later finality was not confirmed, so the procedural score is held down.
Current procedural position
Convicted by Landgericht Oldenburg on 21 August 2023, not final at that dateS4. Searches in October 2026 found no report of finality or of an appeal outcome.
Record supporting the assessment
Das Urteil ist noch nicht rechtskräftig.
Conflicting or limiting record
No record located that conflicts with this assessment.
Evidence score: 61 of 100
The score grades how well the record establishes this assessment. It is not a score of Steinhoff International Holdings N.V.. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.
| Component | Points | Max | Reason |
|---|---|---|---|
| Source authorityIs the source competent to establish the proposition? | 16 | 30 | A wire report of a court verdict, not the judgment itself. |
| DirectnessDoes the source state the proposition or only discuss adjacent facts? | 17 | 20 | It states the convictions and sentences. |
| CorroborationDo independent records support the same material point? | 7 | 15 | The FSCA record agrees on the wider accounting issue but not on these individuals. |
| Procedural accuracyDoes the record settle the procedural state the claim describes? | 7 | 15 | The verdict was not final when reported. |
| CurrencyHas the record been checked against later developments? | 6 | 10 | Searches in October 2026 found no report of finality or of an appeal outcome. |
| ReproducibilityCan a reader locate the passage and repeat the assessment? | 8 | 10 | The wire report is public. |
| Total | 61 | 100 |
Timeline
- Oldenburg court convicts two former subsidiary managing directorsS4.
Related cases
- Public prosecutor v. former managing directors of Steinhoff Europe Group ServicesLandgericht Oldenburg (Oldenburg Regional Court). Criminal. Not published.Stage: Convictions at first instance, not final when reported
- Two former managing directors convictedS4.
Revision history
- Assessment first published with label Supported.
Have a record that changes this assessment? See corrections and responses.
Sources
- S4Tier C ROUNDUP: Zwei Ex-Manager nach Steinhoff-Bilanzskandal verurteiltdpa-AFX (published by boerse-online). Press report. 21 August 2023.Reports the Oldenburg convictions and that they were not final. It does not report any later appeal.Link working, checked 25 October 2026
Other claims about Steinhoff International Holdings N.V.
- Supported85Steinhoff said in December 2017 that new information had come to light relating to accounting irregularities requiring further investigation.Company statement, 6 December 20172 records citedAccounting
- Partly supported88South Africa's Financial Sector Conduct Authority penalised Steinhoff R1.5 billion for misleading the market.Regulator statement, 16 September 20192 records citedDisclosure
- Outdated83Steinhoff International Holdings N.V. is a company whose shares trade in Johannesburg and Frankfurt.Press report, 6 December 20172 records citedCorporate status