Investors in collapsed South African crypto platform are pushing for the detention of Africrypt Directors-regulation

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A group of investors in Africrypt reports that criminal charges are raised against the directors of the cryptocurrency investment platform that has no longer existed. Opponents of the move argued that this advance will probably not be successful, since many of the investors have already been refunded part of their means.

mystery investor invests more than $ 5 million in Africrypt

In a new turn of the Africrypt saga, a group of investors of the collapsed cryptocurrency investment platform reports reported to ensure that criminal charges against the two missing directors of the company are raised. The step of these investors is only a few weeks after a mysterious investor paid more than $ 5 million to save Africrypt.

according to a Bloomberg test report wishes this group of investors a quick clarification of the matter and has raised the possibility of a private lawsuit. These investors represent Sean Pierce from Coast to Coast Special Investigations. In an interview, Pierce explains why investors want to be filed against the two directors of the crypto platform, Raees and Ameer Cajee. He said:

We urge that the brothers are charged with fraud, theft, possibly money laundering. You can live 10 to 15 years for a crime for the first time.

criminal complaint

Some-including a lawyer who represents Africrypt-have indicated that the attempt to accuse the Cajee brothers will probably be unsuccessful. They argue that an agreement that has agreed to a majority of investors before it is reimbursed to give the mysterious investor control over all of their claims against Afrcrypt.

as before by bitcoin.com news had reported a majority of Africrypt investors approved the conditions proposed by Pennython Project Management LLC, a company registered in Dubai. According to the proposal, investors would be paid 65 cents for each dollar invested.

Although Pierce is quoted in the report, who admits that some of the investors he represented were actually reimbursed, however, he insisted that investors "still advance criminal proceedings because money is still lost".

Do you think these investors will succeed in having the directors detained by Africrypt? Tell us your opinion in the comments below.

Terence Zimwara

Terence Zimwara is an award -winning journalist, author and author in Zimbabwe. He wrote in detail about the economic problems of some African countries and how digital currencies Africans can offer an escape route.












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