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

The Business Show: Stephen Cranston’s The Mavericks - How three firms dominated SA finance

Journalist and author Stephen Cranston unpacks his book The Mavericks, revealing how Allan Gray, Coronation, and Investec’s NinetyOne reshaped South Africa’s financial services industry. From Coronation’s explosive breakout to Allan Gray’s long-term genius and NinetyOne’s global ambitions, Cranston explores the partnerships, culture shifts, and bold moves that defined an era,…
8 Sep 5AM 14 min