* Replaced with Brett Goschen
* MTN says it commissioned investigation
(Adds details, background)
JOHANNESBURG, July 22 The chief financial
officer of South Africa's MTN Group has resigned with
immediate effect, the mobile operator said on Monday, due to an
investigation into allegations against him.
Nazir Patel has been replaced by Brett Goschen, who
previously headed MTN's Nigerian business, the company said. It
did not give any details on the allegations or the
investigation, which it said it had commissioned.
Patel was not among the several MTN executives named in a
$4.2 billion lawsuit by Turkish firm Turkcell last
year. The suit, which Turkcell withdrew in May, alleged MTN used
bribery and other underhanded means to obtain a licence in Iran
originally awarded to Turkcell.
MTN had said the charges were false and its own internal
investigation found no wrongdoing. MTN won the licence in 2005,
before Patel became CFO.
Patel had been responsible for the group's financial
management and accounting functions, and participated in several
of its merger and acquisition activities.
MTN operates in nearly two dozen countries in Africa and the
Middle East. Its shares closed unchanged in Johannesburg at 180
(Reporting by Helen Nyambura-Mwaura; editing by David Dolan)