MTN, ORANGE, FINED $160M IN CAMEROON FOR EVADING TAX

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The local units of mobile telecom companies, Orange and MTN in Cameroon, have been fined over $160 million for failing to pay taxes on games and gambling services.

The Central African nation’s corruption board said on Wednesday that a wide-reaching probe into the sector led to the imposition of fines totaling $283 million, on MTN, Orange. Camtel and Viettel.

The amount imposed on each company was not clear and the companies were not immediately available for comment, according to Reuters.

In the report written by the anti-corruption commission, known as CONAC, MTN and Orange were also accused of not paying taxes on their money transfer system, known as Mobile Money.

The report is coming on the heels of MTN’s problem with the Nigerian authority. The telecom giant is contesting a $3.9 billion fine in Nigeria for failing to disconnect users with unregistered SIM cards.

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