The Kanifing High Court is today expected to rule whether the construction works at the Bitcoin Tower can continue or not.
The Banjul High Court sometime this year issued an order to the Sheriff Division to ensure the construction of the Bitcoin Tower continued without hindrance.
Lawyer for the shareholders Ebrima Solomon Tamba, Manuel Stofleth Mitterer, Angelika Mitterer and Marcel Limbertus Van Andel are later today expected at the Kanifing High Court, where Justice Kwabeng is scheduled to deliver his ruling on lawyers’ submission and replies.
Lawyer Kebba Sanyang, representing Tamba and Andel, told the Kanifing High Court a little over a fortnight ago that Manuel has deliberately decided to leave his clients in total darkness, regarding their company’s finances. Counsel Sanyang argued that Manuel’s attempt to forfeit his clients’ share of whatever accrued proceeds from their partnership has no legal basis, adding that Mr. Stofleth is not even a majority shareholder in the company.
Tamba and Andel, who are 35% shareholders in the company, want all construction works to cease at the tower building until such time that Manuel could provide answers about the whereabouts of the money from apartment sales.
Manuel had reportedly informed the police investigators that he lodged the proceeds into cryptocurrency vaults, but he refused investigators access to his computer for details. He and his partner Angelika have been charged with the offence of “disobedience to a lawful order”, a charge they denied.
