Nicholas Reddick: “Iran used MTN to get money to fund terrorists that killed my clients…”

Loading player...
With MTN facing mounting legal challenges because of its links to Iran, BizNews interviews US Attorney Nicholas Reddick whose firm Willkie Farr & Gallagher and partner firm Sparacino have filed five lawsuits on behalf of over 500 American veterans and family members who lost their loved ones in wars in Iraq and Afghanistan. “…there have been former employees or officials at MTN that have come forward and provided evidence that we believe establishes our allegations that MTN was knowingly supporting terrorism in Iraq and Afghanistan…we believe we've obtained evidence and have, again, well-founded allegations that everyone at the highest levels of MTN knew what was going on”. Asked if President Cyril Ramaphosa’s name features in the lawsuits, Reddick says: “Yes, so he does appear in our complaint. You know, he was heavily involved in the leadership at MTN for a time.” As for the US Government’s Grand Jury investigation into MTN, Reddick - a former Department of Justice Prosecutor - says: “Typically when the department opens a grand jury investigation, it's because they believe they have well founded evidence of wrongdoing.”

**Read MTN's full response to the interview here: https://www.biznews.com/sa-investing/right-reply-mtn-group-rejects-claims-terrorism-support
22 Aug 7AM English South Africa Investing · Business News

Other recent episodes

Cape vultures killed for muti find young protectors in Limpopo – Keri Wolter (Vulpro CEO)

Many African cultures use body parts, claws, teeth and hides in rituals. Vultures are often targeted because their keen eyesight is believed to grant clairvoyance. In Limpopo’s Blouberg Nature Reserve, VulPro is raising awareness of vultures’ vital role; community involvement and youth engagement have reduced muti‑related killings. CEO Keri Wolter…
22 Aug 6AM 15 min

Mike Bolhuis: Sextortion rakes in many millions for SA Mafiosi…

Multi millions of Rands are lost to sextorion, extortion, and extreme extortion by police impersonators and corrupt cops in South Africa. So says Specialist Investigator Mike Bolhuis who has investigated many such cases. “It is too much to count and it's too difficult to give the statistics, but just to…
21 Aug 8AM 33 min

BN Briefing: Black Billionaire Empowerment, Cape Independence gains US interest, Mining strangled

In today's BizNews Briefing, South Africa’s BEE debate intensifies as Dawie Roodt warns of “black billionaire empowerment,” while Cape independence draws fresh attention from Washington. Mining expert Peter Major likens ANC exploration policy to a “tourniquet” choking the sector’s lifeblood, and columnist William Saunderson-Meyer cautions that the nation is in…
21 Aug 6AM 29 min