In a brand new twist to the Africrypt saga, two completely different stories have made contradicting claims concerning the whereabouts of Raees and Ameer Cajee, the 2 administrators of the collapse bitcoin funding agency. Nevertheless, each stories recommend the Cajees brothers had deliberate their escape previous to the alleged hacking incident in April.
Vanuatu or Tanzania
In its report, the UK outlet Day by day Mail claims to have seen paperwork suggesting that Raees had bought Vanuatu citizenship for about $131,000 (£95,000) again in October 2020. About three months later, Ameer would make an analogous buy. The identical report quotes Cajees brothers suggesting that their disappearance had been prompted by fears {that a} legal gang wished to hurt them.
Apparently, the claims by the brothers that they fled South Africa to keep away from being harmed by an organized legal syndicate seem like corroborated by a Moneyweb report. On this report, the Cajees brothers are quoted claiming that they’d obtained loss of life threats following the collapse of Africrypt. It’s these loss of life threats that Raees makes use of to justify their joint resolution to flee the nation.
Nevertheless, in its report, the South African-based Moneyweb seems to contradict the assertion that Raees and his brother are hiding in Vanuatu. As an alternative, it factors to an affidavit signed by Raees which signifies that he could have been in Tanzania when he signed this doc. The signing of the affidavit had apparently been prompted by a South African Excessive Court docket’s resolution to grant a provisional liquidation order in opposition to Africrypt.
Africrypt’s Fightback
Because the Moneyweb report notes, within the subsequent few months, the Excessive Court docket is anticipated to rule on whether or not to grant the ultimate order or not. Nevertheless, earlier than this ruling is delivered, events argue their circumstances therefore Raees’ affidavit.
In the meantime, in his affidavit, Raees once more dismisses claims that $3.6 billion in traders’ funds have gone lacking underneath the Cajee brothers’ watch. As an alternative, Raees means that the quantity in query is nearer to $6 million. Additionally in his affidavit, Raees rejects allegations that Africrypt had a checking account at FNB or the assertions that the funding firm had invested in cryptocurrencies. He additionally repeats Africrypt administration’s long-shot argument that the funding agency shouldn’t be held answerable for the losses.
Is liquidation the easiest way to get well the vanished investor funds? Inform us what you suppose within the feedback part under.
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