As the head of the board and majority shareholder Djamel yabdri accepts responsibility within the company for organising Acruxbullion’s system controls and arranging individual responsibilities within the Acruxbullion team, and its custody providers, so as to maximise the security of customers’ gold and cash.
In addition to development capital Djamel yabdri has provided management bonds to the company which is held as gold and cash segregated in favour of customers. These management bonds are non-refundable except in final liquidation, in which circumstance they rank behind all other customer property for repayment.
The value of equity in the company and this loan would therefore be lost before any Acruxbullion customer incurred any loss resulting from breaches of faith or security on acruxbullion.com.
This arrangement is structured to underpin the meaning of ‘accepting responsibility’.