Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGFS.L Share News (GFS)

  • There is currently no data for GFS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-MTN reviewing allegations after being named in U.S. complaint

Mon, 30th Dec 2019 14:17

* See complaint here: https://afghanistan.terrorismcase.com/wp-content/uploads/2019/12/2019-12-27-001-COMPLAINT.pdf
(Updates with G4S comment in 6th paragraph)

By Tanishaa Nadkar and Mfuneko Toyana

JOHANNESBURG, Dec 30 (Reuters) - South African telecoms firm
MTN on Monday said it was reviewing allegations raised
in a U.S. complaint which accuses several firms of paying
protection money to militant Islamist groups in Afghanistan.

The complaint was filed in the United States District Court
in the District of Columbia on Friday.

It alleges the firms violated the U.S. Anti-Terrorism Act by
paying protection money to al Qaeda and the Taliban, thereby
providing material support to known terrorist organisations.

It seeks damages on behalf of U.S. military members and
civilians killed or wounded in Afghanistan between 2009 and
2017.

"MTN is reviewing the details of the report and is
consulting its advisers but remains of the view that it conducts
its business in a responsible and compliant manner in all its
territories," the company said in a statement.

UK security services company G4S, which was also
named in the lawsuit, declined to comment.

The complaint follows investigations by a group of large
Washington-based law firms and alleges firms provided "material
support" to known terrorists leading to numerous U.S. injuries
and deaths, according to a statement by the law firms involved.

MTN spokeswoman Nompilo Morafo said the company could not
yet respond directly to the specific allegations in the report
as it was still going through the details.

"We cannot comment further than what we've said in the
statement. We want a chance to review the allegations. We only
received the suit on Friday and we're still going through it. I
also can't confirm how long it's going to take," Morafo said.

MTN is Africa's largest mobile operator and eighth biggest
in the world with 243.7 million subscribers. It has previously
faced scrutiny over its Iranian operations.

In February a former South African ambassador to Iran was
arrested on charges that he took a bribe to help MTN win a $31.6
billion licence to operate there.

The company has also faced costly disputes over unregistered
SIM cards, tax and dividend repatriation in Nigeria.
(Writing by Mfuneko Toyana; additional reporting by Pushkala
Aripaka; editing by Jason Neely)

More News
9 Feb 2021 19:11

IN BRIEF: Allied Universal Extends Cash Offer For G4S To March 6

IN BRIEF: Allied Universal Extends Cash Offer For G4S To March 6

Read more
9 Feb 2021 10:01

G4S Contract Value Increases; Businesses Resilient In Fourth Quarter

G4S Contract Value Increases; Businesses Resilient In Fourth Quarter

Read more
9 Feb 2021 07:03

Contract wins help boost G4S's 2020 performance

(Sharecast News) - Security firm G4S, which has agreed to be taken over by US rival Allied Universal Security Services in a £3.8bn deal, said it secured contracts worth £5.5bn last year.

Read more
6 Feb 2021 20:42

G4S to hold talks for head-to-head takeover auction - The Telegraph

Feb 6 (Reuters) - British security group G4S will hold talks with the City's takeover panel, the Telegraph reported on Saturday, which could lead to a head-to-head auction between North American peers GardaWorld and Allied Universal for the compa...

Read more
27 Jan 2021 17:26

IN BRIEF: Garda World Extends Cash Offer For G4S To February 10

IN BRIEF: Garda World Extends Cash Offer For G4S To February 10

Read more
26 Jan 2021 19:26

G4S Suitor Allied Extends Offer Closing Date To February 9

G4S Suitor Allied Extends Offer Closing Date To February 9

Read more
6 Jan 2021 19:06

GardaWorld Extends Cash Offer For G4S To January 27

GardaWorld Extends Cash Offer For G4S To January 27

Read more
5 Jan 2021 10:13

Allied Universal Issues Offer Document For G4S With January 26 Cutoff

Allied Universal Issues Offer Document For G4S With January 26 Cutoff

Read more
16 Dec 2020 17:31

GardaWorld Extends Cash Offer For G4S To January 6

GardaWorld Extends Cash Offer For G4S To January 6

Read more
9 Dec 2020 13:29

UPDATE 2-GardaWorld keeps options open as target G4S backs Allied bid

* GardaWorld withdraws no-increase statement for G4S* Canadian firm says it is considering options* G4S says announcement does not change intention to recommend Allied offer (Adds comment from G4S)Dec 9 (Reuters) - Canada's GardaWorld on Wednesday...

Read more
9 Dec 2020 07:01

G4S rejects GardaWorld offer after accepting rival Allied Universal bid

(Sharecast News) - Security firm G4S on Wednesday rejected an increased offer from Canada's GardaWorld, just hours after accepting a rival higher bid from US firm Allied Universal.

Read more
8 Dec 2020 20:57

G4S agrees to £3.8bn takeover bid from US rival Allied Universal

(Sharecast News) - Security services firm G4S has agreed to be bought by smaller US rival Allied Universal for 245p per share in cash, in a deal that values the company at around £3.8bn.

Read more
8 Dec 2020 18:50

UPDATE 3-G4S backs $5.1 bln Allied deal after bid battle

* Allied offers 245 pence per share, 10 pence above GardaWorld bid* G4S board intends to unanimously recommend Allied offer* G4S shares closed 3.2% higher before announcement was made (Adds further G4S statement, background on GardaWorld bid)By Pus...

Read more
8 Dec 2020 18:21

TOP NEWS: G4S Agrees To Be Bought By Allied In GBP3.8 Billion Deal

TOP NEWS: G4S Agrees To Be Bought By Allied In GBP3.8 Billion Deal

Read more
3 Dec 2020 13:23

Thursday broker round-up

(Sharecast News) - Kenmare Resources: Berenberg reiterates buy with a target price of 390p.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.