Public Hospitality Group’s owner, Jon Adgemis, has been caught up in a financial dispute with his cousin over his grandmother’s estate.
Adgemis’ grandmother, Helen Confos, was the country’s oldest Greek Australian when she died in July 2021 at the age of 109, and Mr Adgemis was appointed executor of her estate.
According to The Australian Financial Review, Adgemis is now facing a legal case against him by his cousin, Rose Bay doctor Theo Penklis.
A spokesman for Adgemis said it was a private family matter and “not one associated with any of Mr Adgemis’ businesses.”
“Mr Penklis had lodged a caveat on his grandmother’s home which was withdrawn after negotiations on February 15, 2024,” the spokesman said.
Mr Penklis’ lawyer, James Jordan, a partner at Jordan Djundja Lawyers, stated that the case was still heading to court. It is listed for a hearing in the Supreme Court on March 20.
Public Hospitality Group, which has amassed a portfolio of over 20 properties, has been experiencing cash flow issues while saddled with significant debt, in addition to being involved in numerous court cases over the years.
Source: The Australian Financial Review
