MTN’s Iran gifts exposed

The Sunday Times reported that MTN has showered Iranian politicians with gifts, luxury accommodation and mobile phones as part of its plan to win the lucrative Iranian cellular license in 2005.

According to the newspaper MTN gave Iranian politicians designer cuff-links, free cellphones and up to R12,000 accommodation when they visited South Africa.

These details, the Sunday Times reported, are contained in a KPMG forensic report which showed how Iranian officials were wined and dined by MTN.

However, MTN recently released the findings of the Lord Hoffmann committee it set up to review the allegations made by Turkcell in the legal case brought against MTN in the United States.

Following a year-long investigation, Lord Hoffmann’s Committee has determined that the Turkcell allegations are without foundation.

“Lord Hoffmann concluded that he found nothing in the conduct of MTN over this period that puts at question MTN’s integrity or propriety,” MTN said.

More MTN articles

Hoffmann report clears MTN in Turkcell case

MTN and Naspers lead in emerging markets

MTN targeting South East Asia?

MTN actively pursuing Myanmar licence

MTN shares to hit R200 in 2013?

Must Read

Partner Content

Show comments

Trending Now

Follow Us

MTN’s Iran gifts exposed