Zacuten Technologies says it is seeking resolution of an outstanding balance arising from a cross-border commercial transaction valued at approximately $13.07 million involving Plaude Technologies Limited and Plaude Inc.
According to Zacuten, approximately $8.95 million has been transferred in connection with the transaction, leaving an outstanding balance estimated at between $4.1 million and $4.2 million.
The company said it is seeking a clear accounting of the transaction, independent verification of payments reportedly made, supporting documentation concerning the outstanding balance and a verifiable timeline for settlement.
‘This is fundamentally a commercial matter that requires transparency, documentation and resolution,’ said Godsreal Ojinaka, CEO of Zacuten Technologies.
‘Our priority is to establish the status of the transaction, reconcile the amounts involved and secure payment of the outstanding balance through appropriate channels.’
Zacuten said Plaude has attributed the delay in completing the transaction to banking restrictions, enhanced due diligence requirements, payment-corridor challenges and other operational issues.
The company said these explanations have not resolved the outstanding balance and that it continues to seek documentary evidence that would enable the parties to reconcile the transaction and establish a clear path towards settlement.