Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has released new information regarding the legal dispute involving the children of former Chairman of the New Patriotic Party (NPP) and lawyer, Freddie Blay.
The litigation centers on the Polo Beach Club, with Loic Devos Junior and Kwaw Worsemao Blay as the main parties involved.
In a post on X, Mr. Ablakwa detailed the developments, stating, “I have been poring over some additional 600 pages of court documents including rulings and exhibits in the Loic Devos Junior and Kwaw Worsemao Blay Polo Beach Club litigation.”
The documents reveal intricate details of alleged “treachery, betrayal, and backstabbing,” which Mr. Ablakwa described as “chilling” and likened to a Hollywood blockbuster. He expressed sympathy for Loic Devos Junior, who he claims was “crudely hounded out of the deal by the Blay brothers.” However, he emphasized that Labadi Beach Hotel deserves the most sympathy.
The court documents highlight a bitter dispute over substantial sums of money generated from business activities on Labadi Hotel’s encroached beachfront. Despite these proceeds, Labadi Beach Hotel reportedly received no share, following the alleged breach of a joint venture agreement by Kwaw Worsemao Blay and Kwame Edenkema Blay.
Key financial details from the litigation include:
- Gross revenue for the 2019 event: GHS 4,337,113.59
- Corporate sponsorship from Pernod Ricard West Africa for the 2020 event: GHS 457,833.87 (€65,000)
- Payment made to an individual named “Small God”: US$50,000.00
- Amount withdrawn for Mr. Affutu: GHS 25,000.00
- Payment made to a company owned by Kwaw Blay for alleged social media platform management services during the 2020 event: GHS 75,000.00
- Amount allegedly fraudulently paid by Kwaw Worsemao Blay to himself: GHS 300,000.00
- Credit balance on the Company’s momo account as of February 2021: GHS 244,124.32
- Monies paid from the Company’s Stanbic Bank account on 23rd January 2023 to one Aminu Adam Zanz: GHS 357,595.00
- Amount paid from the Company’s Stanbic Bank account on 23rd January 2023 to Kwaw Worsemao Blay: GHS 100,000.00
Loic Devos Junior is demanding that the funds spent by Kwaw Worsemao Blay without his consent as director of Gold Coast Expo Ltd be refunded with interest.
Meanwhile, Mr. Ablakwa has warned, that “these marauding encroachers and their enablers in high places should prepare to meet us in Parliament soon.”
tigpost.co
