Friday, November 20, 2009

The Competition Commission targets well-known executives

By Khanyisa Tabata
20 November 2009

The Competition Commission is for the first time proceeding with five cases of criminal prosecution, against well-known former South African executives.

It has been reported that Arthur Barnett, the suspended chief executive of Adcock, is accused of lying and continuing the deception while aware that the Commission was investigating his company's affairs.

Former Vodacom legal executive Eleni Christodoulou is accused of lying to the Commission during an investigation into the merger planned between Vodacom's subsidiary Vodacom Service Provider and Global Telematics SA.

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