Turkcell have pursued legal action against the MTN Group through numerous channels since 2012 including, most recently, through the South African High Court in 2017. This 49% stake had originally been awarded to Turkcell before the cancellation of their government licence. MTN’s presence in the Iranian market is through a 49% stake in Irancell Telecommunication Services Company which is majority owned (51%) by the Iran Electronic Development Company, that is ultimately owned by Islamic Revolution Mostazafan Foundation. The accused Mr Saloojee will appear before the Johannesburg Specialised Crimes Court on 17 April 2019. The MTN group has denied these claims, highlighting that the key witness in the case is a disgruntled former employee.
GISTPAL LIMITED FRAUD LICENSE
These bribes allegedly resulted in the cancellation of an Iranian-government license granted to MTN competitor Turkey-based Turkcell in 2005. Saloojee is accused of facilitating bribes on behalf of the South Africa–based MTN Group Ltd to both Iranian and South African officials. On Friday 15 February 2019 the South African Hawks (Directorate for Priority Crime Investigation) announced the arrest of the former ambassador to Iran Mr. So when relations between nation states ebb and flow, the fate of those countries’ commercial players often rise and fall in tandem. Business and politics are seldom unconnected in emerging markets, particularly in strategic infrastructure sectors such as telecoms.
0 kommentar(er)
