PLEASE NOTE:

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

 
ohomen171
 
Comments: 2
Article views: 20
 
 
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.

 

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
Comments have been closed for this article.

Read more from our Users

Submitted by
Linda Bullock
67 Minutes of prayer to remove th...

Nelson Mandela must turn in his grave when he sees the mess left behind with the cANCer party looting from left, right and centre our beloved country South Africa. Read more...

0 comments 1134 views
Submitted by
Angus Douglas
Black power versus human capital

When will South Africa have its Deng Xiaoping moment? The Chinese communist leader famously said, “It doesn’t matter whether a cat is white or black, as long as it catches mice.” Read more...

0 comments 1049 views
Submitted by
Colin Webster452
Angelique “Scarlet” Ramos - Team ...

Angelique has been flying in the League Of Legends scene for some time now, competing in Championships for at least 2 years.  Read more...

0 comments 404 views
Submitted by
Lisa Marcelle Hold
Happy Birthday Tata

Corruption, wealth, hate, greed and power have become the cornerstones of our current government. Our current government represents everything Mandela was not. Read more...

0 comments 160 views
Submitted by
Peter Hollander
Zuma sold his morals to become Gr...

South-Africa is in the process of becoming a mafia-state. No two ways about it. Read more...

0 comments 810 views
Submitted by
6 Reader traffic fine questions a...

‘I keep getting fines for a vehicle I don’t own’, ‘I never received a court summons’… Wheels24 readers have their SA traffic-fine questions answered. Read more...

0 comments 9997 views
 

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 Android Get the latest from News24 on your Android device.

SMS Alerts Get breaking news stories via SMS.

TV Get us in your home, on your television.

 
Interactive Advertising Bureau
 
© 2017 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.