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Colleague of Markus Jooste gets six years in German jail

Jan Cronje

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Oldenburg Regional Court in Germany. (Rob Hyde/News24)

Oldenburg Regional Court in Germany. (Rob Hyde/News24)

A former business associate of the late Steinhoff boss Markus Jooste has been sentenced to six years in jail in Germany on 20 counts of tax evasion.

The sentence, handed down on Monday, is the longest prison term linked to the long-running Steinhoff fraud saga to date.

Siegmar Schmidt, 65, was also ordered to pay a fine of a quarter of a million euros (around R5 million), a spokesperson for the Oldenburg regional court confirmed to News24.

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