Data provided by McGregor BFA
All data is delayed
Loading...
See More

Tax charges dropped against MTN Uganda

Dec 13 2012 18:05 Sapa

Related Articles

Shanduka buys stake in MTN Nigeria

SA to get 100 more transmitter towers

MTN execs summoned over tax charges

Telkom picks hotel exec as chairperson

Panic at MTN over US treasury sanctions

Tax charges: MTN takes action

 
Johannesburg - Tax evasion charges against cellphone giant MTN Uganda have been dropped, the company said on Thursday.

"Judge Lameck N Mukasa of the criminal division of the High Court of Uganda has declared criminal summons alleging tax evasion against the senior management and board of directors of MTN Uganda null and void," MTN said.

Mukasa set aside all orders previously issued by the chief magistrate of the Buganda Road Magistrate's Court.

The orders were dated October 10, November 6, and November 19, respectively, and aimed to issue criminal summons.

MTN had approached the High Court to review the chief magistrate's decision.

MTN Uganda CEO Mazen Mroue welcomed the judgment, saying the private prosecution initiated by former MTN employee Naphtali Were had no merit. "The judgment is a strong affirmation of MTN's strong corporate values of ethical behaviour and integrity. We took the magistrate's ruling for review by the High Court because we view any allegations of unethical conduct against MTN in a very serious light," he said.

MTN would continue with its criminal prosecution and civil claim against Were and directors of another company "for their active involvement in allegedly defrauding MTN Uganda", the company said.
tax evasion
NEXT ON FIN24X

 
 
 

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
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Zille: DA will provide real, sustainable jobs

The DA says it has a policy package in place which will lead to 6m real, sustainable jobs being created. Watch Helen Zille explain.

 
 

Latest elections multimedia

11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille
The EFF's ad was banned, see why
Why Jack Parow wants you to vote on 7 May

Money Clinic

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