London club FOLD has had its suspension temporarily lifted while it awaits a full licensing hearing.
The club's license was suspended after two people involved in running the venue were arrested for alleged money laundering and fraud pertaining to around £200,000 of DJ equipment. One is named as Lasha Zhorzholiani an Artsintheeast Ltd director, the license holding company for FOLD.
FOLD received news of the license suspension being lifted at a hearing this morning (November 15) at Newham Town Hall.
According to a statement on Facebook, it continues to “deny any accusations of wrongdoing or impropriety against us or any individual employee”. They also describe how they are “assisting with the police’s investigation”.
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The east London venue is confident it will be cleared of any wrongdoing and “will fight until the truth is revealed.”
The 31-hour Cartulis Day event that starts at 11pm tonight is going ahead.
Read the full statement here.
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