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Mantengu files criminal complaint against JSE execs about alleged share price manipulation
The Star
|May 12, 2025
MANTENGU Mining (MTU) has filed a criminal complaint with the Hawks against several executives of the Johannesburg Stock Exchange (JSE) regarding allegations of share price manipulation aimed at depressing its stock value, claims that the JSE has roundly denied.
In a voluntary announcement on Friday, directors of the chrome miner said the filing of the criminal complaint followed about 18 months of investigative work by the company and its advisors.
In response to questions from Business Report, the JSE said that the allegations directed at it, its employees, officers, and executives, were false and without merit. The JSE also denied any involvement in, or complicity with, illegal or unlawful activities.
MTU had alerted the JSE to its concerns regarding the manipulation of its share price. The company claims the JSE ignored these concerns and instead chose to investigate MTU for alleged breaches of listing requirements. Also, the JSE allegedly blocked MTU from releasing a SENS announcement intended to warn shareholders about the share manipulation.
Bu hikaye The Star dergisinin May 12, 2025 baskısından alınmıştır.
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