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Ex-NTT Boss Sued in UK Over Tainted Black Empowerment Deal

  • Former boss approved Dimension Data’s Johannesburg deal
  • Goodall didn’t disclose financial interest in the deal: NTT
Updated on

NTT Ltd. sued its former global chief executive officer Jason Goodall in the UK, alleging he had a secret financial interest in a Johannesburg deal that was meant to improve the Black Economic Empowerment rating of the telecoms company’s South African arm.

Goodall in 2019 approved the sale of NTT-owned Dimension Data Pty Ltd.’s sprawling headquarters in Johannesburg suburbs at “significantly less” value to a majority black women-owned fund, Identity Fund Managers Pty Ltd., in which he had either already invested or at least had a plan in place to invest, NTT alleged in the suit.