Former Arthur Kaplan director in court today
For the past few days, the Arthur Kaplan flagship store World’s Finest Watches, branded as the only specialist prestige watch boutique in Sandton catering for exclusive clientele both local and abroad, has stood closed with dummy displays in the window.
What stock remains inside is unknown, the spare keys are in a safe inside the store and three attempts to secure the services of locksmiths capable of opening the store have been unsuccessful.
That’s according to Laila Motala, the lead liquidator appointed by the Master of the High Court to handle the liquidation of the embattled jewellery chain that went insolvent last December.
However, TimesLIVE reports the process has not gone smoothly and on 1 June Motala visited the Arthur Kaplan head office to dismiss the chain’s top staff for mismanagement.
The incident ended with allegations that former director Hoosein Mohamed had assaulted Motala and threatened her at gunpoint.
He has been charged with theft and a complaint of theft has also been laid by the liquidators at the Sandton police station after the discovery that much of the valuable stock from AK stores across the country had been looted.
Mohamed’s bail application at the Randburg Magistrate’s Court last week was postponed to today for a ruling.
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.
