AMAANAT HOLDINGS AND HIBERNATION OF DIRECTORS

AMAANAT HOLDINGS SHENANIGANS AND HIBERNATION OF THE DIRECTORS

 

(1) AFFIDAVIT OF M.S.OMAR

(2) FORENSIC REPORT

(3) COMMENT

 

 

 AFFIDAVIT OF M.S.OMAR

 

FORENSIC REPORT

 

COMMENT

Tens of millions of rands have been misappropriated. Hitherto it has been established that in 8 years R86 million have been misappropriated. Gross Khiyaanat of Amaanat tantamount to theft was perpetrated by the company sporting the name AMAANAT which means TRUST.

 

This Company was holding in Amaanat hundreds of millions of rands of Muslim investors.

 

While this Mr.Hako and Mr.Mho had perpetrated the actual deed of khiyaanat, the entire Board of Directors is complicit in the misdeed whether intentionally or unintentionally. If unintentionally, it matters not. They must share the blame equally. They are directors. They were supposed to have detected the fraud when it was committed the very first time.

 

But what happened? The fraud was perpetrated over eight years while these juhala directors were in a state of self-induced hibernation or they may not have been in hibernation, but were turning their heads and gazes away pretending unawareness whilst the rats were nibbling at the cheese for eight long years.

 

What is the function of the Board of Directors? How is it possible that the entire gamut of chaps in charge of a company worth hundreds of millions of rand being stupidly unaware for eight years while R86 million was being siphoned off from the Pool. Thus, even if it has to be assumed that the directors were genuinely unaware of the massive pilfering, stealing and abuse taking place, then too they must be impaled for their complicity even though unintentional.

 

These miserable directors were gaining huge benefits from the public funds in haraam ways legalized by kuffaar donkey company laws. Since the entire Amaanat Holdings venture was haraam from inception, what these fellows gained was haraam.

 

The liability of the stolen R86 million settles on the entire pack of directors. In terms of the Shariah they all are equally responsible. All are guilty of

Ta-addi (zulm – the zulm of negligence and misappropriation), hence all of them must pay back the R86,000. The directors must sort out the mess among themselves and ensure that they return the abused funds to the kitty for distribution to the investors.

 

According to the Law of Allah Ta’ala, this haraam, miserable company has no right to exist. It has no right to trade. It is Waajib to disband immediately. It is Waajib to close shop, pay the creditors and whatever then remains must go to the investors pro rata.

 

The dividends or the so-called profit paid by this donkey venture are haraam riba. The fat so-called ‘salaries’ being siphoned off by directors are haraam abuse of the monies of the investors. It is intolerable and unacceptable for a chap to line his pockets with R3 million as salary for a year for sitting on his hind and scribbling on some A4 sheets and the like. If kuffaar donkey laws permit it, the Shariahs does not.

 

These directors of the previous Board and of the current Board will be hauled into the Divine Court on the Day of Qiyaamah to answer and be convicted and sentenced for their haraam shenanigans. Most of them are old men with their legs dangling in the Qabar. There is still an opportunity for salvation in the Aakhirat. They must set the record straight. They must close up the haraam company and pay the investors.

27 Shawwaal 1445 – 7 May 2024