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
3 Dec 2020 11:56

RBC downgrades G4S, calls GardaWorld bid 'fair'

(Sharecast News) - RBC Capital Markets has called GardaWorld's latest £3.7bn offer for G4S fair, as it downgraded its rating on the outsourcing giant.

Read more
3 Dec 2020 09:34

UK BROKER RATINGS SUMMARY: Bernstein Boosts Shell To Outperform

UK BROKER RATINGS SUMMARY: Bernstein Boosts Shell To Outperform

Read more
3 Dec 2020 08:08

LONDON BRIEFING: Sainsbury's To Favour Dividends Over Debt Reduction

LONDON BRIEFING: Sainsbury's To Favour Dividends Over Debt Reduction

Read more
2 Dec 2020 11:53

LONDON MARKET MIDDAY: FTSE 100 Rises As Pound Slips On No-Deal Jitters

LONDON MARKET MIDDAY: FTSE 100 Rises As Pound Slips On No-Deal Jitters

Read more
2 Dec 2020 10:48

UK WINNERS & LOSERS SUMMARY: Concepta Rises On Covid-19 Test Kit

UK WINNERS & LOSERS SUMMARY: Concepta Rises On Covid-19 Test Kit

Read more
2 Dec 2020 08:53

TOP NEWS: GardaWorld Bumps Up Takeover Bid For G4S To GBP3.7 Billion

TOP NEWS: GardaWorld Bumps Up Takeover Bid For G4S To GBP3.7 Billion

Read more
2 Dec 2020 08:44

LONDON MARKET OPEN: UK Vaccine Approval Fails To Boost FTSE 100

LONDON MARKET OPEN: UK Vaccine Approval Fails To Boost FTSE 100

Read more
2 Dec 2020 07:51

LONDON MARKET PRE-OPEN: UK Gives Pfizer Jab Thumbs Up; G4S Bid Raised

LONDON MARKET PRE-OPEN: UK Gives Pfizer Jab Thumbs Up; G4S Bid Raised

Read more
2 Dec 2020 07:24

UPDATE 3-Canada's GardaWorld sweetens bid for rival G4S as takeover battle heats up

(Adds G4S response)By Yadarisa ShabongDec 2 (Reuters) - Canada's GardaWorld has raised its offer for security group G4S to 3.68 billion pounds ($4.94 billion), it said on Wednesday, stepping up a hostile bid for the British company that has repeat...

Read more
2 Dec 2020 07:24

UPDATE 2-Canada's GardaWorld sweetens bid for rival G4S as takeover battle heats up

(Adds shares, background)By Yadarisa ShabongDec 2 (Reuters) - Canada's GardaWorld has raised its offer for security group G4S to 3.68 billion pounds ($4.94 billion), it said on Wednesday, stepping up a hostile bid for the British company that has ...

Read more
2 Dec 2020 07:01

GardaWorld lifts G4S offer to 235p a share

(Sharecast News) - GardaWorld on Wednesday lifted its offer for UK outsourcing contractor G4s to 235p a share, valuing the company at £3.68bn.

Read more
30 Nov 2020 09:56

GardaWorld Extends Takeover Offer For G4S To Mid-December

GardaWorld Extends Takeover Offer For G4S To Mid-December

Read more
30 Nov 2020 07:58

GardaWorld extends 'full and fair' offer for G4S

(Sharecast News) - GardaWorld has extended its hostile £2.9bn offer for G4S to mid-December and indicated it would not be pressured into raising its bid.

Read more
26 Nov 2020 11:34

G4S Plans To Resume Payouts In 2021 As It Fends Off Takeover Interest

G4S Plans To Resume Payouts In 2021 As It Fends Off Takeover Interest

Read more
25 Nov 2020 15:52

G4S discloses information to GardaWorld in bid battle

(Sharecast News) - G4S has agreed to provide its hostile suitor GardaWorld with details about the company after revealing the information to another unidentified potential bidder.

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.