Audio By Carbonatix
An Accra High court has asked directors of Kasapa Telecom including its Managing Director Robert Palitz to refrain from holding themselves out as directors of the company.
The court also ruled that the telecommunications company should no longer be referred to as Kasapa Telecom but Celltel as it was originally known. The ruling however contradicts another High Court ruling affirming Robert Palitz as Managing Director.
In his ruling, Justice Victor Ofoe said the appointment of Mr Palitz and the chief finance officer as directors of Kasapa was not properly done and was therefore null and void. Also, an Accra law firm Bentsi Enchil and Co. has been restrained from holding itself out as secretary for Kasapa.
The judge however asked that the actions of the said directors should be allowed to stand since nullifying them would have far reaching implications.
Kludjeson International Limited, original owners of Celltel; the company that eventually became known as Kasapa Telecom had filed the suit seeking to remove Robert Palitz and his management team.
Founder of the company, Mr Prince Kofi Kludjeson said Mr Palitz and his board failed to recognise him as a shareholder.
Speaking to Joy News, he said the ruling represents victory for the indigenous Ghanaian entrepreneur.
“For we the indigenous Ghanaian businessmen that are striving to put the economy forward in our own small way; the lack of equity, money and protection make us suffer… The most important thing for me today is a vindication of myself, my family and the vision that we have set,” he said.
Mr Kludjeson said at the moment he is thinking about ways of strategizing to develop the “Ghanaian Telecommunication” to cover the entire nation.
Meanwhile, Mr Palitz has vowed to appeal the ruling.
The heart of the matter is the recognition of Mr Kludjeson as a 20 percent shareholder and a director of Kasapa.
But Mr Palitz told Joy News that Mr Kludjeson ceased to be a shareholder several years ago.
“Mr Kludjeson lost his shares in Kasapa in January 2005 because he violated the shareholder agreement,” he mentioned.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Karaga MP donates 4,000 gallons of fuel to boost livelihoods in New Year outreach
4 hours -
GIPC CEO engages European Parliament delegation on Ghana’s investment reforms
4 hours -
Oppong Nkrumah, 5 others didn’t accept campaign support from Bryan Acheampong – Pius Hadzide backtracks
4 hours -
BoG rejects market speculation, emphasises data-driven policies
5 hours -
BoG targets consolidation, discipline in 2026 policy direction
5 hours -
GJA-Ashanti commends EPA’s continuous engagement with journalists who were involved in accident
5 hours -
Wenchi needs development, help us – Chiefs to Aseidu Nketia
5 hours -
EPA boss encourages journalists not to relent in their support to fight galamsey
6 hours -
Domestic Gold Purchasing Programme helped Ghana’s economy during difficult period – IMF
6 hours -
Ike City Group of Companies touches hearts at Dzorwulu Special School with compasionate donation
6 hours -
Vehicle exhaust pipes on the left create about 40% more pollution on the road than those on the right – Study
6 hours -
My Response to Dr Bryan Acheampong: Facts must prevail
6 hours -
U.S. and Ghana Armed Forces strengthen medical readiness at SETAF-AF Best Medic Competition
7 hours -
Earlier passage of BoG’s Amendment Bill could have prevented haircuts – Dr. Asiama
7 hours -
Economic stability gains were hard-won through discipline and institutional effort – BoG Governor
8 hours
