NJ Investment Manager Denies KIT Digital Fraud

Law360, New York (January 10, 2017, 9:53 PM EST) -- A New Jersey investment manager on Friday denied charges that he aided his brother and others in mismanaging millions of dollars in investments from video software company KIT Digital Inc., losses which contributed to the company's spiral into bankruptcy.

Irfan Amanat, the manager of a Dubai-based investment vehicle called Enable Invest Ltd., pled not guilty to conspiracy and fraud charges before U.S. District Judge Paul G. Gardephe in Manhattan. Irfan Amanat’s brother, Enable principal Omar Amanat, and former KIT Digital Inc. CEO Kaleil Isaza Tuzman also...
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