{"id":214845,"date":"2017-12-05T15:28:34","date_gmt":"2017-12-05T13:28:34","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=214845"},"modified":"2017-12-05T15:28:34","modified_gmt":"2017-12-05T13:28:34","slug":"us-law-firm-to-investigate-naspers","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/214845\/us-law-firm-to-investigate-naspers\/","title":{"rendered":"US law firm to investigate Naspers"},"content":{"rendered":"<p><a href=\"https:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-naspers-limited---npsny-300566236.html\" target=\"_blank\" rel=\"noopener\"><strong>US law firm Pomerantz LLP announced<\/strong><\/a>\u00a0it is investigating whether Naspers and its officers and directors engaged in securities fraud or unlawful business practices.<\/p>\n<p>Pomerantz is investigating claims related to potential improper payments to ANN7 on behalf of Naspers.<\/p>\n<p>The claims follow reports that MultiChoice paid kickbacks to the SABC and ANN7 to buy political influence on set-top box non-encryption.<\/p>\n<p>MultiChoice\u2019s decision to increase its ANN7 channel payment from R50 million to R141 million per year is at the centre of this.<\/p>\n<p>It is also alleged that MultiChoice paid kickbacks to the SABC totalling R100 million per year.<\/p>\n<p>MultiChoice denied the allegations, while its parent Naspers said there was a \u201cpersistent baiting of Naspers to intervene in the affairs of MultiChoice\u201d.<\/p>\n<p>Former Communications Minister Yunus Carrim said MultiChoice used its agreement with the SABC to change government policy on conditional access and further its commercial interests.<\/p>\n<p>\u201cThe only entity which benefitted from ensuring that [encryption] was dropped is MultiChoice,\u201d said Carrim.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/media\/214287\/naspers-says-it-wont-be-baited-into-forcing-multichoice-to-take-ann7-off-the-air\/\" target=\"_blank\" rel=\"noopener\">Naspers says it won\u2019t be \u2018baited\u2019 into forcing Multichoice to take ANN7 off the air<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US law firm Pomerantz LLP announced it is investigating whether Naspers and its officers and directors engaged in securities fraud or unlawful business practices.<\/p>\n","protected":false},"author":31,"featured_media":213869,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[107],"class_list":["post-214845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-naspers"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/214845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=214845"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/214845\/revisions"}],"predecessor-version":[{"id":214849,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/214845\/revisions\/214849"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/213869"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=214845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=214845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=214845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}