‘Stein­hoff in­sider trad­ing’ probed

The Citizen (KZN) - - BUSINESS -

The Fi­nan­cial Sec­tor Con­duct Au­thor­ity is in­ves­ti­gat­ing seven trad­ing ac­counts that sold Stein­hoff In­ter­na­tional shares in the weeks lead­ing up to its dis­clo­sure of ac­count­ing ir­reg­u­lar­i­ties and sub­se­quent share-price col­lapse a year ago.

The ac­counts be­long to in­di­vid­u­als, trusts and cor­po­rate en­ti­ties and the reg­u­la­tor is look­ing for ev­i­dence of in­sider trad­ing, it stated. – Bloomberg

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