{"id":12286,"date":"2021-09-19T09:54:04","date_gmt":"2021-09-19T09:54:04","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/directors-of-collapsed-south-african-crypto-investment-firm-to-testify-via-virtual-platform\/"},"modified":"2021-09-19T09:54:04","modified_gmt":"2021-09-19T09:54:04","slug":"directors-of-collapsed-south-african-crypto-investment-firm-to-testify-via-virtual-platform","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/directors-of-collapsed-south-african-crypto-investment-firm-to-testify-via-virtual-platform\/","title":{"rendered":"Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform"},"content":{"rendered":"

Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm.<\/strong><\/p>\n

The Death Threats<\/h2>\n

According to an Itweb report<\/a>, the Cajee brothers \u2014 who have agreed to testify on October 19 and 20 \u2014 will only do so virtually. The report confirms that both Ameer and Raees, who have already received several death threats, were initially scheduled to appear before the inquiry in the second week of September 2021. However, this was postponed after the lawyer for the Cajee brothers requested \u201can extension in order to consult further with their clients.\u201d<\/p>\n

The report also reveals that other Africrypt executives like the former compliance officer, Daniel Opperman, Wayne Naidoo (director), and Steve Miller (manager) have already given their testimony via a virtual platform. For instance, in his testimony, Opperman is reported to have told the inquiry that he only became aware of the hack into Africrypt\u2019s system via media reports.<\/p>\n

As previously reported<\/a> by Bitcoin.com News, Africrypt collapsed a few weeks after Ameer and Raees had informed investors of the hacking event. However, following Africrypt\u2019s collapse and the directors\u2019 disappearance, some aggrieved investors successfully applied to have the company liquidated.<\/p>\n

<\/p>\n

Africrypt\u2019s Defence<\/h2>\n

Still, in an affidavit in which he opposes the granting of the final liquidation order, Raees insists \u201cthe liquidator\u2019s application had been taken out against the wrong company.\u201d He even claims that clients had in fact \u201csigned investment contracts not with Africrypt but with an entity called Raee Create Wealth.\u201d<\/p>\n

However, as the Itweb report notes, \u201cbank statements obtained by Tayfin Forensic Investigative Auditors revealed that all transactions made to Africrypt were moved to Raee Create Wealth.\u201d The report adds that this evidence is now expected to appear in the forensic report on Africrypt.<\/p>\n

What are your thoughts about this story? Tell us what you think in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nRegulation, Africrypt, Africrypt hack, Africrypt liquidation, Ameer Cajee, crypto investment, final liquidation, Raees Cajee<\/p>\n","protected":false},"excerpt":{"rendered":"

Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed firm. The Death Threats According to an Itweb report, the Cajee brothers \u2014 who have agreed to testify on October 19 and 20 \u2014 will…<\/p>\n","protected":false},"author":0,"featured_media":12287,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-12286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12286"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=12286"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/12286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/12287"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=12286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=12286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=12286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}