• Racial redress

    The next adult generation is at risk of being polarised on the basis of skin colour and young white S.Africans stand to be lost at us all.

  • To do list

    Keep separate lists to ensure your to-dos don't get cluttered and gain stress-free productivity, Ian Mann.

  • Clueless leaders

    Zim's leaders are clueless about managing the economy or leading the nation, says Malcom Sharara.

All data is delayed
Loading...
See More

MTN execs summoned over tax charges

Nov 20 2012 14:09
Reuters

Interpol has been instructed by a Ugandan court to serve criminal summons against current and former MTN executives relating to one of the East African country’s largest tax evasion cases.

Company Data

MTN GROUP LIMITED [JSE:MTN]

Last traded 144
Change 5
% Change 4
Cumulative volume 7936882
Market cap 0

Last Updated: 29-06-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Panic at MTN over US treasury sanctions

MTN ups subsribers to 183m

MTN confirms Turkcell suit on hold

Court hears graft claims against MTN

R12m fraud: Whistleblower, MTN in court

Rumours of 1st mobile-only bank for SA

 
Kampala - Telecoms group MTN's chief executive and other senior managers have been summoned by a Ugandan court to face tax fraud charges, according to a document seen by Reuters on Tuesday.

MTN Uganda, the largest operator in the east African country, has previously denied the charges, saying they were initiated by a former employee sacked on allegations of theft.

CEO Sifiso Dabengwa and 12 officials including the chairperson and CEO of MTN's Ugandan unit must appear in court on December 12 when they will also face charges of tax evasion, conspiracy to make false customs declarations and conspiracy to evade taxes, according to a November 7 summons issued by the Buganda Road Court.

MTN's website says a former worker, Naphtal Were, initiated the charges. Its statement also said an internal investigation and another by police implicated Were in the loss of 13bn shillings ($5m; R44.35m).

Were, whose lawyer was not available to comment, has since been sued by MTN [JSE:MTN] for embezzlement. He initiated the case against the company as a private prosecution last month but a court ruled on November 6 the public prosecutor should take it over.

Ugandan laws permit a person to start private criminal proceedings against another, with the public prosecutor having the a right to take over any such case.  

"It should be noted that the private prosecution ... was brought against the MTN global chief executive and the board ... Customs declarations are made by clearing agents, and not by the MTN global chief executive or the MTN board," MTN said.

MTN, the market leader in the region's third-largest economy since it entered Uganda in 1998, faces rising competition from other players including Airtel Uganda - owned by Indian company Bharti Airtel, and Warid Uganda - owned by Indian group Essar.  

mtn  |  tax fraud

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...