Dozy Mmobuosi, the previous CEO of Tingo Group, has denied the securities fraud allegations levelled in opposition to him by the US Federal Bureau of Investigation and the USA Legal professional for the Southern District of New York.
Mmobuosi is accused of securities fraud, making false filings with the Securities and Trade Fee (SEC), and conspiracy. The embattled founding father of Tingo Group might withstand 45 years in jail.
In an announcement despatched by his consultant, Mmobuosi mentioned he rejects the “validity of all of the allegations introduced by the USA Division of Justice by way of the US Legal professional’s Workplace for the Southern District of New York. In line with their assertion printed on January 2, 2024, Mr. Mmobuosi is alleged to have misrepresented the businesses he as soon as ran in the USA market.”
“Mr Mmobuosi needs to make it unequivocally clear that these allegations are unfounded, and he’s getting ready to contest them to the total extent of his capability. Nevertheless, he won’t be making particular statements concerning the allegations for now, because the matter is now within the purview of the courts,” the assertion famous.
He additionally denied that he was, at massive, a resident of the UK. He pledged his dedication to cooperating with the authorized authorities to make sure a radical and truthful examination of the information, which he believes will result in his exoneration.
