VODACOM: 11,131 -16 (-0.14%)
Vodacom Tanzania says MD questioned by police over network use
DAR ES SALAAM, April 3 (Reuters) - Vodacom Tanzania
's managing director and several other employees were
questioned by the police on Wednesday over the alleged
fraudulent use of network facilities, the company said.
"No formal charges have been (brought) against these
employees, but we have been advised that they may appear in
court today," Vodacom Tanzania said in a statement.
Hisham Hendi was appointed as managing director last month
after serving as acting chief executive since September 2018.
The company said he was not immediately available to
Vodacom is Tanzania's leading telecom company by the number
of mobile subscribers, with about 32 percent of the country's 40
million mobile subscribers, ahead of Tigo Tanzania, a subsidiary
of Sweden's Millicom, and a local unit of India's
After taking office in 2015, President John Magufuli
launched an anti-corruption drive and vowed to stamp out tax
evasion by multinational companies in Tanzania's mining and
telecoms sectors. In 2016, Magufuli's government demanded that
telecom companies list at least 25 percent of their shares on
the local stock exchange. Vodacom is the only telecom firm to
Last year, Tanzanian authorities charged five current and
former employees of Acacia Mining, the country's largest gold
miner, with money laundering and tax evasion.
(Reporting by Omar Mohammed; Editing by Susan Fenton and David
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