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Fraud clean-up hits Steinhoff earnings Scandal-plagued South African retailer Steinhoff has reported a US$4 billion ($5.72 billion) operating loss in the 2017 fiscal year, in a much-delayed earnings report revealing the impact of a US$7.4 billion ($10.6 billion) accounting fraud. The company blamed writedowns for the loss as it cleans up its balance sheet. Total writedowns have already topped €13 billion ($20.9 billion) since revealing the fraud that left it on the brink of collapse and wiped