A R905,000 Maserati Caused The Demise Of AKA’s Company
A R905,000 Maserati Caused The Demise Of AKA's Company
A R905,000 Maserati Caused The Demise Of AKA’s Company! Earlier this year in September we saw AKA announce that he would be shutting down his company Beam Group.
The rapper did not reveal the reason for the company’s closure at the time but recently spoke on the matter. According to Sunday World, Beam Group was shut down because of a purchase made by the company’s COO Prince “Costinyo” Nyembe of a Maserati which cost over R900,000 under the company’s name.
The purchase left the company in a debt of over R2 million. AKA told Sunday World that he was prepared to pay the company’s debt which equal his 70% share in the company excluding the R900,000 purchase made by the company’s COO or any other expenses incurred by share partners for personal use.
Prince “Costinyo” Nyembe has denied the allegations made about buying the Maserati under the company’s account. He confirmed that he has since sold the Maserati which he had purchased a few months back.
