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MTNOY MTN Group Ltd (PK)

4.39
-0.12 (-2.66%)
31 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
MTN Group Ltd (PK) USOTC:MTNOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.12 -2.66% 4.39 4.39 4.51 4.50 4.34 4.50 65,138 21:00:10

MTN Group Reported for Violation of US Anti-terrorism Act in Afghanistan

30/12/2019 9:59am

Dow Jones News


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   By Sabela Ojea 
 

MTN Group Ltd. (MTN.JO) said Monday that it is consulting its advisers regarding a complaint regarding a violation of the Anti-terrorism Act that was filled against it in the U.S. District Court for the District of Columbia on behalf of the American service members and civilians who were killed or wounded in Afghanistan between 2009 and 2017.

The South African telecommunications company said the complaint, filled on Dec. 27, alleged that several western businesses supported the Taliban by, among other things, making payments to ensure the protection of their infrastructure.

Six different groups have been reported, and MTN as a group and certain subsidiaries, including MTN Afghanistan, are among the accused companies.

The company said it remains of the view that it conducts its business in a responsible and compliant manner in all its territories and so intends to defend its position where necessary.

 

Write to sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

December 30, 2019 04:44 ET (09:44 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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