Turkcell has disclosed that it is currently investigating allegations of so-called ‘improper payments’ relating to Kazakh mobile operator GSM Kazakhstan (K’cell), in which it holds an indirect stake. In a regulatory filing lodged with the Securities and Exchange Commission (SEC), the Turkish firm disclosed: ‘The allegations concern transactions that may involve K’cell, and certain of the employees and management of K’cell, Fintur Holdings, TeliaSonera and certain vendors of K’cell’
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OVETEL Turkcell warns of ‘improper payments’ scandal at K’cell
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