Telecoms firm MTN on Friday dismissed complaints against CEO Ralph Mupita for alleged favouritism after an independent report cleared his name.
It said in a statement it had noted the media reporting in the past few days regarding allegations of complaints against members of the Groups executive.
MTN shareholders are advised that the Group board (the Board) held a special meeting on Wednesday 4, September 2024 to deliberate on a report by an independent law firm, assisted by counsel, tasked to verify allegations contained in an anonymous complaint against members of the MTN executive.
The independent report (the Report) stated that attempts to engage with the complainant were unsuccessful and found that there was no evidence of improper conduct by those cited in the complaint, it said.
MTN said in its deliberations, the board had accepted the report finding and is of the view that the matter had been addressed and is now closed.
