Probe into Steinhoff now includes insider trading
The Financial Services Board (FSB) has intensified its investigation into alleged fraud at Steinhoff.
The probe by the FSB will now also include possible false financial reporting by the food and retailer giant.
Spokesperson Tembisa Marele says the wider scope of the probe relates to financial documents submitted to it by Steinhoff.
"Our investigation is into insider trading in the shares of the company, it¹s not into the company itself. We have now extended our investigation into false reporting. This is in terms of the financial documents submitted to us."
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Parliament has also called for decisive action with chairperson of the Standing Committee on Public Accounts (Scopa), Themba Godi, saying the corruption at Steinhoff reveals the "immoral conduct among South Africa¹s elite".
Marele says any official found guilty of criminal activities will face the full might of the law.
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"Depending on what the investigations uncover, if there are any elements of criminality we will then referred it to the National Prosecuting Authority (NPA) or police," says Marele.