Investors want out of a property investment company, saying it is short-changing them on their investment returns.
SHAREHOLDERS in Amaanat Investment Holdings are calling for the release of a forensic report which they say was commissioned using investor funds years ago, but has yet to see the light of day. They say that shareholders still have not seen the report or been given clarity on its findings, despite allegations of financial misconduct at the company.
Known as the Abacus Report, the document has become the centre of renewed tensions between some shareholders and the company’s leadership.
Aysha Vahed, one of the shareholders, said investors believed the report contained important information which was needed to assess historic financial decisions and losses allegedly suffered by the company.
“As shareholders, we demand to see the Abacus report. The report was paid for with shareholders’ money,” she said.“ The board has not released the Abacus report to shareholders. Their excuse is that they haven’t seen it yet. We find that difficult to believe and believe there may be a lack of transparency,” she said.
