The Telkom board says its court application to block a Special Investigating Unit probe into its historic transactions does not mean it tolerates corruption. | Fin24
The Telkom board says its court application to block a Special Investigating Unit probe into its historic transactions does not mean it tolerates corruption.
The probe proclaimed by President Cyril Ramaphosa earlier this year would focus on possible maladministration in the disposal of iWayAfrica and Africa Online Mauritius, and Multi-Links Telecommunications, and any losses suffered by Telkom or the state which owns 40.5% in Telkom. "The stance that the board has taken in challenging SIU matter does not say we do not want to be investigated or we do not want to account for any acts of corruption," said Moloko at the company Annual General Meeting.He said the challenge seeks to establish whether the SIU has jurisdiction over the company, and that the board has considered the likely precedent that the proclamation would set and opted to protect itself.
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