Hawks enter the fray in MTN/Turkcell dispute

A customer leaves an MTN shop in Johannesburg. (Reuters)

A customer leaves an MTN shop in Johannesburg. (Reuters)

The police probe follows a $4.2-billion US civil claim filed in March by Turkish operator Turkcell accusing MTN of bribing Iranian and South African officials with cash and promises of defence equipment in order to secure the licence originally awarded to Turkcell.

“There are allegations of corruption. That’s exactly what we’re investigating,” Hawks spokesperson MacIntosh Polela said on Tuesday.

MTN officials were also accused of promising that Pretoria would vote favourably towards Tehran’s nuclear programme.

MTN officials have denied any wrongdoing and described the Turkcell case as without legal merit. Pretoria has also denied that its diplomacy is for sale.

An MTN spokesperson declined immediate comment on the Hawks investigation.

The scandal has thrown a harsh spotlight on MTN, a $31-billion company with close links to the ANC and one of the country’s great post-apartheid success stories.

MTN shares were 0.3% weaker at 11:27am GMT, a shade weaker that then overall Johannesburg stock market. – Reuters

Comments

blog comments powered by Disqus

Client Media Releases

Narrowing the intention-behaviour gap
Imperial reports flat revenue
MTN's school connectivity programme reaches Namaqualand
Rosebank College initiates Graduate Empowerment Programme
Oxbridge Academy partners with ADvTECH Group
Why future success belongs to the first movers...
Ipsos pre-election forecasting on the mark nationally
Office 365 a one-stop-shop for e-mail compliance