A bribes-for-contracts scandal involving Neotel and Transnet should be referred to law enforcement for further action, the state capture commission has recommended.
Browsing: Steven Whiley
India’s Tata Communications is putting on a brave face after Vodacom announced on Tuesday that it was walking away from a R7bn deal to acquire Tata’s South African subsidiary Neotel. In a letter to shareholders, Tata Communications
Sunil Joshi has stepped down as CEO of Neotel, five months after being suspended pending a board-led investigation into alleged corruption in a deal involving Transnet. His resignation comes less than two weeks after Neotel’s chief financial officer, who
Neotel’s chief financial officer, Steven Whiley, has resigned. Whiley was suspended from the telecommunications operator in July, along with CEO Sunil Joshi, over allegations of bribery related to a multibillion-rand contract at Transnet. In a tersely worded statement on Friday, Neotel said
Something significant transpired on Friday last week that prompted South Africa’s largest telecommunications operator, Vodacom, to review the structure of its acquisition of Neotel, a
Neotel chief corporate services officer Tracy Cohen has resigned. News of her resignation comes on the same day that Vodacom announced that it was in talks with Neotel and its shareholders – led by India’s Tata Communications – about a “revised transaction
Vodacom is in talks with Neotel and its shareholders about a “revised transaction structure”, the mobile group said in a statement to shareholders on Monday. But it has not explained what prompted it to re-look at the R7bn deal. The decision has forced
The Competition Tribunal has agreed to postpone a hearing regarding a R7bn merger between Vodacom and Neotel indefinitely. This comes after Vodacom released a market update earlier on Monday saying the company is exploring a “revised transaction structure” regarding the Neotel deal
Neotel is hoping to wrap up an investigation within the next two to three weeks into possible bribery that led to the suspension in July of its CEO, Sunil Joshi, and its chief financial officer, Steven Whiley. That’s the word from Neotel director in charge Kennedy Memani
Vodacom its still confident that its R7bn acquisition of Neotel will go ahead, despite a protracted investigation by the Competition Tribunal and allegations of impropriety by Neotel executives over