PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
ohomen171
 
Comments: 2
Article views: 264
 
 
Latest Badges:


 
View all ohomen171's badges.
 

A Further Comment On The Turkcell Bribery Allegations Against MTN

19 June 2012, 11:30

I just spent quite a bit of time dissecting the Reuters report on the deposition given by former MTN executive Chris Kelowan.

He has made a good case that MTN and even the South African government conspired to defeat sanctions to help Iran. As a matter of interest boh General Electric and Halliburton were caught a couple of years ago by US authorities having ongoing offices and substantial investments and sales in Iran. How did the US authorities react?

1) Nobody was arrested for any violation of criminal laws.

2) No company or individual was cited for a civil fine or a penalty.

3) No US government contracts were taken rom these major US corporations.

4) All that happened was that the US Justice Department ordered the two big US companies to as follows; "To wind up their operations in Iran within 5 years."

Some 20 years ago I was active in the international trade sector in South Africa. I am pleased to report that when a South African company is working on a deal in another country, the South African government "rolls up its sleeves" and works like hell to get the company the deal it is seeking. This is one of the few areas of government where the taxpayer "truly gets his/her money's worth!" I never saw a case where bribery or corruption to obtain a deal was used or even considered. I suspect that the situation is the same today.

There was no real substantial evidence of MTN actually paying bribes to Iranian officials. Perhaps some of the Iranian companies did pay these bribes. That is an internal matter for the Iranian authorities. I suspect that the penalty for bribing public officials in Iran is hanging. By the way, hangings in Iran are carried out in a most barbaric manner. The condemned person has a metal rope put around their neck. A crane then lifts the metal rope. As a further matter of interest Iran is the number one country in the world in per capital executions per 100,000 population. So Iranians use the death penalty quite often.

One has to ask how much money Turkcell has paid and promised to Mr. Kilowan.

The bottomline is this case is not good. If I had some extra cash right now I'd be buying MTN shares.

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’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
2 comments
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Rodney Bevan
SA under Zuma

Jacob Zuma, along with a handful of cronies has single handedly almost destroyed the country, its people and its economy. Read more...

16 comments 496 views
Submitted by
The Fox 5366
Illegal Miners: Voiceless Prostit...

There's been a lot said about legalising prostitution so that prostitutes can be protected, receive healthcare and not be victimised. Read more...

8 comments 208 views
Submitted by
siphokuhle dludla
The real South Africa today

Truth be told, South Africa is a country with palpable inequalities, which is a fact, it is a country where poverty continues to lacerate a huge number of our population particularly black people. Read more...

10 comments 454 views
Submitted by
Greypatriot
The ANC constitution does not off...

The official ANC constitution does not forbid or punish corruption. The term corruption is not listed or defined as a key term in the latest version of the official constitution of the ANC. Read more...

4 comments 297 views
Submitted by
LeboDang Macman
Why using race as a proxy doesnt ...

I am not an academic nor do I profess to be, so everything I write will be based purely on experience. Read more...

8 comments 450 views
Submitted by
Themba Simelane
Lost in my creative maze

Of all the projects that I excelled in and ultimately got to complete, it was those that I had done so in my self-enclosed space. Read more...

0 comments 108 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now!

Kalahari.com - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on kalahari.com. While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as kalahari.com’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Digital Media & Marketing Association
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.