South African government officials say they have no formal relationship with Morita Forestry amid allegations that it was involved in an investment scam related to forestry projects. According to reports, the government is distancing itself from the company and is considering legal action after allegations emerged that Morita Forestry used the government’s name or credibility in connection with its fundraising or investment claims. Officials state that any connection presented to investors is not supported by a formal agreement or authorization from government structures. The government’s response focuses on clarifying its position and reducing the risk that members of the public misunderstand its role in the matter. The matter is framed as an alleged scheme, with the government signalling that it may pursue legal steps to address the use of its name and any associated misleading conduct. Further details about specific allegations, investor complaints, or investigations are not provided in the account, but the government’s stance centres on denial of any formal link and potential legal recourse.
Government denies ties to alleged Morita Forestry investment scheme
South African government officials say they have no formal relationship with Morita Forestry amid allegations that it was involved in an investment scam related to forestry projects. According to repo...
- The government says it has no formal relationship with Morita Forestry.
- Morita Forestry is accused in connection with a forestry investment scheme.
- Reports indicate the company allegedly uses the government’s name or credibility.
- The government is considering legal action regarding the alleged use of its name.
- Officials are publicly clarifying its position to avoid misleading the public.
Government says it had no formal relationship with Morita Forestry and is considering legal action over the alleged use of its name.
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