National Property Portfolio on Auction

National Property Portfolio on Auction
Loading

MTN Retrenched whistle-blower sues

August 24 2012 at 06:44am

MTN shed 0.6 percent to close at R156.94 yesterday as it faced the possibility of another scandal besmirching its name. The Times newspaper reported yesterday that Africa’s biggest cellular network operator was fighting a legal battle in Labour Court instituted by its former senior legal adviser, who was retrenched last year. Violet Magagane claimed she was victimised and retrenched after she reported alleged fraud worth R12 million involving Robert Madzonga, MTN’s chief corporate services officer. A forensic audit was conducted by PwC. MTN said in response to questions: “MTN has instituted disciplinary action against the individuals concerned. This matter is… before a court of law and MTN would like to request time to argue its case in court.” – Asha Speckman


sign up
 

Join us on

 IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
IOL Travel

Make sure you find the best available airfares with our easy-to-use search engine.

Travel_pic_enw