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MTN INVESTIGATED FOR CORRUPTION


Hmmmm.... this is bad, real, real bad... Michael Jackson!! The Hawks have launched an investigation into allegations of corruption at mobile phone giant MTN relating to its purchase of a cellular licence in Iran. 

The police probe follows a $4.2 billion U.S. civil claim filed in March by Turkish operator Turkcell accusing Africa's largest mobile firm of bribing Iranian officials with cash and promises of weapons to secure the licence, which was originally awarded to Turkcell.

City Press has obtained a transcript of Chris Kilowan’s evidence before a US court a month ago in which he implicates himself and top MTN executives in underhanded dealings to acquire a multibillion-dollar mobile licence in the pariah state.

At the moment, there is a lot of evidece that has been put out that is not in favour of MTN. *sigh* This is a good day for Vodacom shem. MTN officials have denied any wrongdoing and described the Turkcell case, which is backed by a collection of alleged MTN internal documents including emails, invoices, memos and presentations, as without legal merit.

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Last Updated ( Tuesday, 05 June 2012 13:36 )