Now the thing is that for payments to be processed, we need legal authorisation from the person in charge. Tihan denies being in charge, which means his parent company (Core Credit) has to authorise the payments. However Tihan is saying we don't need that.
Authorising the payments could be seen as taking a management role in the business. If it's not a "safe harbour activity" (and it's probably not), then the limited partner cannot do it and retain limited liability.
Core Credit Ltd (now Bitcoinica Consultancy Ltd) is the
general partner in Bitcoinica LP and people have been led to believe that the general partners are "the Intersango guys". If that's not the case and Bitcoinica Ltd is actually controlled by Tihan's group of investors, then people need to be made aware of that.