Nguvu Holdings Limited has denied allegations of a US$224 million share fraud.
The company, which owns Adamus Resources, issued a statement on Wednesday.
It stated that reports claiming its Director and Secretary, Moses Bosompem, was arrested at the airport are untrue.
The company described the allegations as false.
Further details about the nature of the alleged fraud were not provided by the company.
Nguvu Holdings has not specified what action it may take regarding the false reports.
The company did not name the source of the allegations.
Investigations into the claims are not mentioned.