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
-
“When I am gone, people will appreciate” – Kurt Okraku
11 minutes -
“I love people who are not only critical but constructive” – Kurt Okraku
15 minutes -
TECNO’s Modular Phone and TAURUS win gold at IFA 2026, recognising breakthroughs in mobile and gaming technology
29 minutes -
Youth Forum in Accra calls for debt cancellation, reparations and African economic independence
36 minutes -
Dr Abu Sakara urges African youth to seize global upheaval for economic emancipation
44 minutes -
Fulham booed off after third defeat in a row
58 minutes -
Joy FM Back-to-School Fair 2026 ends in massive success after two days of discounts and one-stop shopping
1 hour -
Man City maintain 100% start with win over Coventry
1 hour -
Kwesi Pratt urges African youth to reject ‘Gen Z revolution’, reclaim Africa’s resources
1 hour -
Forest and Tottenham both still looking for first win after scrappy draw
1 hour -
Inter Milan mount stunning comeback to beat Napoli
1 hour -
PPF urges African youth to demand debt cancellation and reparations
1 hour -
Kwesi Pratt says reparations must deliver equal rights, African self-reliance
1 hour -
Isaac Dogboe opens reveals mental health battles, calls for support for athletes
1 hour -
MTN Ghana webinar urges SMEs to get financial discipline right
2 hours