MTN Group stated its board is closing an investigation into its CEO, Ralph Mupita, following an investigation that discovered no proof of improper conduct.
The pan-African telecommunications supplier, which is headquartered in Johannesburg, stated in a assertion to shareholders on Friday that the board has “expressed its full help” for Mupita and for MTN’s technique.
The assertion comes six days after the Sunday Instances reported that an unspecified variety of executives had threatened to resign after complaining that Mupita allegedly gave preferential therapy to a feminine govt.
“MTN shareholders are suggested that the group board held a particular assembly on Wednesday, 4 September to deliberate on a report by an unbiased legislation agency, assisted by counsel, tasked to confirm allegations contained in an nameless criticism in opposition to members of the MTN govt,” it stated in a press release issued by way of the JSE.
“The unbiased report said that makes an attempt to have interaction with the complainant have been unsuccessful and located that there was no proof of improper conduct by these cited within the criticism,” it stated, with out naming anybody.
“In its deliberations, the board accepted the report discovering and is of the view that the matter has been addressed and is now closed.”
Bloomberg Information reported on Thursday that 9 of MTN’s executives had signed a memorandum backing Mupita, citing unnamed sources with information of the scenario. – © 2024 NewsCentral Media
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