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MTN Cameroon May Be Fined USD $160 Million

    Home Featured MTN Cameroon May Be Fined USD $160 Million
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    MTN Cameroon May Be Fined USD $160 Million

    By Telecomspeak | Featured | 1 comment | 3 February, 2016 | 5

    According to recent reports, MTN Cameroon has been cited by the Conac, Cameroon’s National Anti-Corruption Commission, for allegedly evading taxes of nearly R 1.5 billion.

    Conac has claimed that a number of telecoms providers, including MTN, Orange, Camtel and Viettel owe Cameroon’s receiver of revenue up to R2.8 billion.

    The operators have been accused of receiving tax breaks that Conac deemed to be illegal. The fines have not yet been imposed, the Conac commission has however made a set of recommendations in its report.

    MTN is Cameroon’s largest mobile operator. It has about 10m subscribers and has been active in the country for the past 16 years.

    MTN group spokesman, Chris Maroleng, has said that MTN’s Cameroon subsidiary “is not and has never been implicated in corruption-related investigations”.

    In a statement released by MTN they said “’MTN Cameroon is a responsible investor and is up to date with regard to its fiscal obligations to the relevant authorities in Cameroon, in accordance with all applicable rules and regulations.”

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