Sandile Shezi, the South African bitcoin dealer accused of defrauding buyers, just lately made his first court docket look earlier than a Johannesburg Justice of the Peace.

Shezi out on Bail

The bitcoin dealer’s court docket look got here simply days after he honored his pledge to give up himself to the police. Nevertheless, in keeping with a report by the Sowetan, Shezi — who’s now out on bail — is ready to return to court docket on November 24.

Sandile Shezi.

As beforehand reported by Bitcoin.com Information, Shezi is going through fraud allegations that stem from his failure to honor guarantees he made to Allan Ledwaba, an investor in the latter’s International Foreign exchange Institute.

Though Shezi has repeatedly denied the allegations, Ledwaba and an unnamed investor nonetheless went on to file complaints towards the bitcoin dealer. The submitting of those complaints then culminated in the issuing of the warrant for the bitcoin dealer’s arrest.

The report in the meantime quotes Ledwaba commenting on Shezi’s arrest and his subsequent court docket look. He mentioned:

In the present day isn’t the best time for me to put naked my whole story and the way I suffered by the hands of a person trusted because the matter has simply gone to court docket.

In the meantime, the Sowetan newspaper experiences that by the point Shezi handed himself over to the police he had already resigned from his firm. Nonetheless, the report doesn’t say why Shezi selected to resign earlier than handing himself over.

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