The 11 staff members some of whom are in critical management positions have been found to have a stake in the company that has been at loggerheads with the LCA since last year.
Although the findings of the probe are limited to current employees, it is vital to note that several former executive employees of the authority whose employment ended in the last 36 months had and still have an indirect interest in one of the major licensees based on company registry records.
Vodacom Lesotho has been accused of deliberate non-compliance, dishonesty and lack of remorse towards the laws of the LCA, a resolution which prompted the authority to slap the telecommunication giant with a whooping M134 million in penalties.
Thirty percent of the penalty was payable immediately, with the remaining 70 percent suspended for five years provided, Vodacom does not commit any further contraventions of its regulatory obligations during the said period.
In the event that the company fails to comply, the LCA will proceed to revoke its unified license.
Vodacom, according to LCA had among other things failed to pay its regulatory fees when they fell due and payable on or by June 30 2019 and has further shown no remorse for deliberately appointing a relative of the chairman as its external auditor.
The company has however, since challenged the matter in court and the case still pends in the High Court.
On Tuesday, the LCA, through the Minister of Communications Science and Technology Keketso Sello revealed that 31 percent of its employees are shareholders in Vodacom Lesotho.