PRESS RELEASE UPDATE

It is important that we now take steps to correct the narrative surrounding Afriswiss Commodities Trading Ltd and Mr. Perpetrator, the individual referenced in the ongoing legal matter.

To clarify, Afriswiss Commodities Trading Ltd has a valid and ongoing contract with WSH Holding. Mr. Perpetrator was a senior employee of WSH Holding, and also served as the President and CEO of SH TRADING DMCC, a separate entity that was overseeing certain aspects of the projects Afriswiss was conducting in collaboration with WSH Holding.

At some point, Mr. Perpetrator began requesting that funds previously advanced to Afriswiss under the project arrangements be returned. What raised concern was that he began directing these requests not through WSH Holding, but rather through SH TRADING DMCC, and eventually, to his personal account. This raised immediate suspicion and prompted me to contact senior leadership at WSH Holding directly to confirm whether these instructions were legitimate or if there had been a change in our agreement.

It was only upon that inquiry that I was informed that Mr. Perpetrator had been terminated from WSH Holding for cause, and that no funds should be sent to him or to any entity he represented, including SH TRADING DMCC. I was further advised that any such transaction would be unauthorized and potentially fraudulent.

To be absolutely clear, Afriswiss has not sent any funds to Mr. Perpetrator, SH TRADING DMCC, or to any personal account under his name. We acted responsibly the moment inconsistencies arose and ensured that the matter was handled with integrity and transparency.

Let’s be clear, AfriSwiss was not to blame for this situation. We identified the scam, took immediate action, and protected both our reputation and our clients.

We also confirm that we have opened an active police investigation in both Nairobi and Dubai against this individual and his legal team who brought forward the fraudulent accusations. Our aim is to ensure that all parties responsible for this deception are held fully accountable under the law.

We remain committed to integrity, transparency, and safeguarding every partner we work with.

We don’t cut corners. We don’t play games. We protect what matters.