MTN denied access to records in R12m fraud case involving ex-exec and VBS-accused Madzonga | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The high court has denied MTN access to financial records in the case against its former executive Robert Madzonga and lawyer Nozuko Nxusani, who are accused of defrauding the telecoms company of R12.3 million over a decade ago. | News24_Business

In 2010, while at MTN, Madzonga was accused of authorising Nxusani's firm to do work for the telecoms firm, and arranging payment of R12.3 million despite"knowing very well that they did not render the services that they were contracted to deliver," according to the Hawks. MTN conducted an internal investigation, and the matter was reported to the Hawks seven years later.

A warrant of arrest was issued for Madzonga and Nxusani in December last year and both handed themselves over to the authorities. They were subsequently released on R10 000 bail each.Advocate Terry Motau found in his report on the looting of over R2 billion from VBS that Madzonga denied knowledge of anything untoward,"he derived very large rewards, much of which was in the form of undeclared income".

Madzonga was previously arrested, along with a range of other accused for the VBS matter, and was released on bail in 2021. In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business Thank u they also defrauding us in terms of data and airtime

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines