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Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform

Ameer and Raees Cajee, the two top dogs of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed public limited company.

The Death Threats

According to an Itweb report, the Cajee brothers — who have agreed to testify on October 19 and 20 — on only do so virtually. The report confirms that both Ameer and Raees, who have already received several demise threats, were initially scheduled to appear before the inquiry in the second week of September 2021. However, this was postponed after the attorney-at-law for the Cajee brothers requested “an extension in order to consult further with their clients.”

The report also luxuriate ins that other Africrypt executives like the former compliance officer, Daniel Opperman, Wayne Naidoo (captain), and Steve Miller (manager) have already given their testimony via a virtual platform. For instance, in his testimony, Opperman is covered to have told the inquiry that he only became aware of the hack into Africrypt’s system via media narratives.

As previously reported by Bitcoin.com News, Africrypt collapsed a few weeks after Ameer and Raees had informed investors of the chop event. However, following Africrypt’s collapse and the directors’ disappearance, some aggrieved investors successfully applied to require the company liquidated.

Africrypt’s Defense

Still, in an affidavit in which he opposes the granting of the final liquidation order, Raees asseverates “the liquidator’s application had been taken out against the wrong company.” He even claims that clients had in fact “signed investment knits not with Africrypt but with an entity called Raee Create Wealth.”

However, as the Itweb report notes, “bank communications obtained by Tayfin Forensic Investigative Auditors revealed that all transactions made to Africrypt were moved to Raee Spawn Wealth.” The report adds that this evidence is now expected to appear in the forensic report on Africrypt.

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