The President of Kwarleyz Group, Nana Kwame Bediako, has publicly challenged a reported UK court judgment ordering him to pay $14.9 million to Cola Holdings Limited, describing the matter as legally contested and still under due process.

In a statement addressed to media houses on Friday, Bediako said publications circulating in both traditional and social media suggesting the debt had been enforced against him were misleading.

“My attention has been drawn to a publication in the media about a $14.9 million debt allegedly obtained against me by Cola Holdings. I wish to set the record straight on the facts,” he stated.

According to Bediako, he has no contractual relationship with Cola Holdings Ltd and has never owed the company any money. He explained that the transaction in question was between Cola Holdings and KRP Properties Investment Ltd, a company he owns. He emphasized that the debt, if any, relates solely to the company and not him personally.

Bediako said he was surprised to learn that Cola Holdings had initiated enforcement action against him in the United Kingdom based on what he described as incorrect information presented by KRP 1 TP IFC.

He further revealed that his lawyers in Ghana have begun legal proceedings to challenge the enforcement of the judgment, alleging that it was obtained through fraud and misrepresentation. He added that the UK court judge declined to set aside the registration of the foreign judgment, prompting him to file an appeal.

“I have instructed my lawyers to file an appeal against the decision,” he noted.

The businessman also claimed that Cola Holdings is attempting to recover the same $14.9 million debt from multiple parties, including KRP 1, despite already obtaining a UK judgment against him, which he described as an abuse of the court process.

Additionally, Bediako accused the company of failing to disclose to UK courts that similar enforcement proceedings were underway in Ghana, calling it a concealment of material facts that misled the court.

Despite the legal dispute, he reaffirmed his commitment to his business operations in Ghana, particularly ongoing efforts to build a justice delivery system and contribute to national development.

“I am certain that after all the processes have been exhausted, truth will stand,” he said.

The case remains under legal review in both Ghana and the United Kingdom.