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MTN does not tolerate corrupt practices - CEO

Sifiso Dabengwa
08 June 2012

Sifiso Dabengwa says company prepared to cooperate with Hawks probe into Iran bribe claims

MTN has come under increasing public scrutiny in recent days following unfounded and sensationalist attacks by opponents in relation to our non-controlling 49% stake in Irancell.

We would like to set the record straight for the benefit of our stakeholders, particularly our dedicated staff who work under difficult conditions across all our emerging market operations, as well as our customers, business partners, shareholders and regulators in different jurisdictions.

MTN is an African success story and a company with strong ethics and values. We do not tolerate illegal or corrupt practices. We take allegations of wrongdoing by our employees seriously, as we demonstrated in our appointment of a special committee to investigate the allegations made by Turkcell. We cooperate with the authorities, and we are prepared to cooperate with the Hawks in any investigation by them into this matter.

MTN has been threatened and attacked by a disappointed competitor and a disgruntled former employee. The claims made by Turkcell in US proceedings have no legal merit and no place in a US court. We are fighting those claims, and we fully expect them to be dismissed.

In any event, the former employee who is the source of the claims has been shown through the evidence in his deposition not to be a credible witness. He is being paid by Turkcell for his role in their legal claims, and has admitted that he is motivated by a grudge against MTN's former management. Contrary to Turkcell's public statements, the former employee's evidence was significantly discredited in his recent deposition as largely based on speculation, innuendo and hearsay.

MTN also strongly denies any suggestion that it or its representatives have harassed or intimidated this former employee or any other relevant witnesses in any way in relation to this process.

Turkcell's allegations that MTN is engaged in a "cover up" are simply nonsense. MTN launched its investigation into Turkcell's claims long before they were filed by Turkcell. MTN has appointed Lord Hoffmann, one of the world's most eminent jurists, to ensure the independence and integrity of the investigation. We are confident that the investigation will determine whether there was any misconduct on the part of the former employee now working for Turkcell, or by any other MTN employee.

MTN would like to reassure our stakeholders that we are taking all necessary steps to deal with the Turkcell allegations promptly and effectively, consistent with the law and with our company's ethics and values.

Statement issued by MTN CEO Sifiso Dabengwa, June 8 2012

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MTN does not tolerate corrupt practices - CEO????
Yeeee riiiiiiiiiiiiight!

lets wait and see how this all works out for you

by tokolosh on June 08 2012, 19:41
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MTN does not tolerate corrupt practices?
As one of their local near-victims I can attest to the fact that MTN has a very "interesting" way of doing business. My advice to internet users is to stay well clear of MTN and their twenty-page contracts printed in illegible pale blue in the smallest . .more

by Dyslexia on June 09 2012, 20:33
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Despicable
Today, when I returned my brand new S2 cell phone that stopped working to MTN, I was informed that my warranty was not valid as I had not returned the insignificant little quick start instruction pamphlet, not withstanding every other item in the package . .more

by DABB on June 11 2012, 23:40
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Despicable
Today, when I returned my brand new S2 cell phone that stopped working to MTN, I was informed that my warranty was not valid as I had not returned the insignificant little quick start instruction pamphlet, not withstanding every other item in the package . .more

by DABB on June 11 2012, 23:46
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