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 2025 7AM English South Africa Investing · Business News

Other recent episodes

Kabelo Khumalo - Inside the Black Market of illegal number plates

A Business Day investigation has pried open South Africa's black market for number plates and found the price of entry close to nothing. In this interview with Irakli, Business Day Deputy Editor Kabelo Khumalo explains how reporters walked out of three Johannesburg establishments with plates after doing just one thing…
3 Jun 7AM 11 min

Spar’s VAT scandal: Unpacking the BDO investigation and corporate fallout

Business Day journalist Nompilo Zulu unpacks allegations of VAT fraud and accounting irregularities at Spar’s Bloed Street Tops store, after a BDO due-diligence report flagged unreliable financials, alleged tax underdeclarations and stock-related concerns. Spar strongly disputes the claims, saying the matter relates to one store and follows a failed bid…
2 Jun 10AM 8 min

BN Daybreak - Tue 2 June 2026: Trump Agri Tariffs; Nvidia chips; SA grid success; FMD vaccines

In today's BizNews Daybreak: Internationally, President Trump cuts agricultural equipment tariffs, Apple introduces an iPhone bill-splitting feature, and Nvidia debuts a $5 trillion PC AI chip. Locally, Free State’s community grid takeover triumphs, KZN lags behind in foot-and-mouth vaccinations, and analysts unpack the impeachment pressures facing President Ramaphosa.
1 Jun 11PM 15 min