MTN completes review of corruption allegations
Investigation concludes bribery accusations to be 'without foundation'
South Africa's MTN Group hopes to end suspicions that it used bribery to help secure its licence in Iran in 2005.
The South African telco said a review of the bribery allegations, which were made by Turkcell in a legal case brought against MTN in the United States, was now complete.
MTN's board commissioned Lord Hoffmann, who was formerly a senior judge in the UK, to lead the review early last year.
"Lord Hoffmann's Committee has determined that the Turkcell allegations are without foundation," MTN said in a statement. "Lord Hoffmann concluded that he found nothing in the conduct of MTN over this period that puts at question MTN's integrity or propriety. This is a reassuring validation of MTN's culture and ethical business practices.
"The Board is particularly pleased to note Lord Hoffmann's categorical findings that the allegations against MTN's former group president and CEO Phuthuma Nhleko and MTN's former commercial director Irene Charnley were baseless. Allegations of complicity against the chairman and the group president and CEO Sifiso Dabengwa were similarly found to be without substance."
The report and a video of Lord Hoffmann delivering the executive summary of the committee's report are available on MTN's website.