Cryptocurrency king Priven Reddy is being hauled to court by an investor over a failed partnership to build an “influencer platform” application.
Despite numerous demands to have his down-payment returned, Pillay said, he is yet to see a refund.
Speaking to SowetanLIVE's sister publication TimesLIVE, Pillay said that he had drawn money out of his bond for the web venture. “I took a loan from my bond to make payment to Priven after he had convinced me that his company will do a great job with my idea and paid the whole amount upfront in two payments,” he said.“The application platform was completed by Kagiso according to the specifications in the service level agreement and Mr Pillay received the benefit thereof.
They also moved to punch holes in his legal argument, insisting that Pillay had not paid the full amount in terms of their agreement, with R30,000 unpaid.“Our clients will not allow Mr Pillay to strong-arm them into settlement of a debt which is not due. It is clear that Mr Pillay is using the media as a method of debt collection.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Cryptocurrency king' Priven Reddy sued for R200k over failed web projectCryptocurrency king Priven Reddy is being hauled to court by an investor over a failed partnership to build an “influencer platform” application.
Read more »
'Cryptocurrency king' Priven Reddy sued for R200k over failed web projectCryptocurrency king Priven Reddy is being hauled to court by an investor over a failed partnership to build an “influencer platform” application.
Read more »
Casual dining chains have no future, says former PizzaExpress entrepreneurHugh Osmond warns that groups acquiring struggling chains ‘fail to understand the business’
Read more »
Jim Farley to replace Jim Hackett as Ford CEOHackett is retiring after his three-year bid to turn Ford around failed to make inroads
Read more »
Casual dining chains have no future, says former PizzaExpress entrepreneurHugh Osmond warns that groups acquiring struggling chains ‘fail to understand the business’
Read more »
How Pakistan plans to turn locusts into fertiliserProject aims to counter infestation in ways that benefit local farming communities
Read more »