Steinhoff, the corrupt South African retail group who changed their name to Greenlit Brands in Australia and were responsible for the questionable sale of Harris Scarf, that saw consumer and appliance distributors owed millions is offering up A$1.4 Billion dollars to settle a multi-billion dollar accounting scandal.
Greenlit Brands CEO Michael Ford, he was not employed by the scandal linked Steinhoff when the accounting scandal was exposed.
In Australia Greenlite Brands is run by Michael Ford the former CEO of The Good Guys, he has not commented on the scandal or the questionable sale of Harris Scarf who was declared insolvent days after Greenlit Brands offloaded the business.
The company, whose stable of brands includes Freedom, Fant…
Read the full article at: https://www.channelnews.com.au/big-retail-group-offers-up-1-4-billion-to-settle-accounting-scandal-after-off-loading-harris-scarf/
