VODACOM:  13,160   +84 (+0.64%)  24/10/2019 00:00

Vodacom Tanzania says firm accused of causing $4.76 mln loss to government

(Corrects figure in headline from $4.76 billion to $4.76 million)

NAIROBI, April 4 (Reuters) - Vodacom Tanzania said on Thursday it was being accused of causing an 11 billion shilling ($4.76 million) loss to the government as part of charges levelled against its managing director and other employees over allegations of fraudulent use of network facilities.

"A bail application for the individuals in police custody will be heard in (the) next few days," Vodacom Tanzania said in a statement. The company also said that it had appointed Jacques Marais as acting managing director. ($1 = 2,312.0000 Tanzanian shillings) (Reporting by Omar Mohammed; Editing by George Obulutsa and Kirsten Donovan)

First Published: 2019-04-04 12:10:04
Updated 2019-04-04 12:25:26


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