You are here: Home » Reuters » News
Business Standard

U.S. law firm probes South Africa's Naspers after payments row


JOHANNESBURG (Reuters) - U.S. law firm Pomerantz LLP said on Tuesday it had launched an investigation into whether South Africa's Naspers and its directors had engaged in any business malpractices.Pomerantz said it was conducting the probe on behalf of Naspers' shareholders after a unit of the media and e-commerce giant said it would investigate claims of improper payments to a TV channel, ANN7, when it belonged to the wealthy Gupta family, which has close ties to President Jacob Zuma.Shares in Naspers dropped more than 4 percent in late afternoon deals in Johannesburg, weighed down by both ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, December 05 2017. 20:29 IST