British American Tobacco’s dirty tricks: Part 1

By Pinky Khoabane

British American Tobacco (BAT) has been involved in a full-scale war against African policy makers keen on stemming-out cigarette smoking. It has also run a sophisticated spying network aimed at closing down competitors, and the bribery and espionage in BAT is knocking at the door of the London headquarters.

Reinet Investments, headed by Johann Rupert sold billions of rands worth of shares in BAT in recent years, but BusinessDay in May this year reported: “The value of Reinert’s remaining 68-million BAT shares – as at the end of March – was about R61 bn”

The paper continued: “As at the of March, BAT represented 67.3% of Reinet investment portfolio, compared with 70.5% previously”. Reinet received a dividend of €149m from BAT.

With the sales of cigarettes estimated to decline, Africa and South America have been the focus of the tobacco industry.

The BBC’s Panorama exposed the extent of the rot late last year. Paul Hopkins, a former BAT Security Manager who had worked for BAT for 13 years, revealed how he had made illegal payments to politicians and civil servants in East Africa.

http://www.bbc.com/news/business-34964603

He had been spying and bribing for BAT for 13 years and was unceremoniously fired in 2014 when he questioned illegal payments to an organisation which included a former member of the World Health Organisation’s Framework on Tobacco Control (FCTC), a UN initiative that aims to reduce tobacco-related deaths.

The Independent, late last year, also exposed the corruption at BAT.

http://www.independent.co.uk/news/uk/crime/bullets-prostitutes-and-mass-corruption-how-a-tobacco-giant-british-american-tobacco-s-mr-fix-it-a6779226.html

Tomorrow we bring you the extent to which BAT has captured state apparatus.

6 Comments on "British American Tobacco’s dirty tricks: Part 1"

  1. I-Net Bridge’s latest shareholder register for SA shareholders of BAT shows Rupert family-aligned entities – Rembrandt Trust (2m shares), the Rupert Trust (2,1m shares) and the Rupert Foundation (1,2m shares) – still retaining interests in the tobacco giant.
    Interestingly, Remgro, despite the unbundling exercise in 2008, still retains 1,25m shares in BAT worth R575m. This “leftover” stems from Remgro shares repurchased ahead of the BAT unbundling.

  2. I want a subscription

  3. Good post

  4. Time to close these anglo / zionist capitalists & put them out of business.
    mandela was a sellout to the black majority & its time Msholozi sets the record straight.

Leave a comment

Your email address will not be published.


*