An investigation for investors in Naspers Limited (ADR) (OTCMKTS:NPSNY) shares over potential securities laws violations by Naspers Limited was announced.
San Diego, CA -- (SBWIRE) -- 01/25/2018 -- An investigation was announced for investors in Naspers Limited (ADR) shares over potential securities laws violations by Naspers Limited in connection with certain financial statements.
Investors who purchased shares of Naspers Limited (ADR) (OTCMKTS:NPSNY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Naspers Limited (ADR) (OTCMKTS:NPSNY regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 1, 2017, Naspers Limited reported that its wholly-owned television unit MultiChoice had initiated an investigation into whether improper payments were made to ANN7, a South African news channel owned by the politically-connected Gupta family. According to local media, citing leaked emails, MultiChoice substantially increased its annual payment to ANN7 from 50 million rand to 141 million rand ($10 million) over the past two years.
Those who purchased shares of Naspers Limited (ADR) (OTCMKTS:NPSNY) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com