New Twist To Speedline Stevedoring Saga

The New Crusading Guide has uncovered a new twist to the mystery surrounding the 25% shares of John Kow Dolphyne in Speedline Stevedoring Company. The New Crusading Guide intercepted a letter written by Lawyer Sam Okudzeto; chairman of Sena Chartered Secretaries Limited on March 29, 2001 to the authorities of The National Investment Bank, informing them of the changes to the management of the company. The letter with the title � RE: CHANGE OF MANDATE TO SPEEDLINE STEVEDORING COMPANY LIMITED ACCOUNTS� noted that �at a meeting of the board of directors of Speedline stevedoring company limited held at the Nick Hotel, Community Six Tema on Wednesday 28th March 2001, It was resolved as follows� it is hereby resolved that with effect from Friday 30th March 2001, the current mandate to the company�s account at the National Investment Bank Tema be amended by the replacement of the signatories with the following new signatories. 1. Mrs. Gladys Brenya- Director, 2 Antonio Castro Barcon, Managing Director, Newton Brenya � Manager and JK Dolphyne- Court appointed Director. The content of the letters are published below. The New Crusading Guide is however questioning why some persons have deliberately blocked the shares of the Dolphines when all documents are depicting that they should be paid what they are due. It will be recalled that Speedline Stevedoring Company was set up in 1976, on the initiative of John Kwaw Dolphyne, a business man with one Oduro, F.N Arthur and De-Graft Dickson with each of them owning 25 percent stake. Mr S.E Brenyah who was invited to act a secretary to see to the registration of the company later manipulated the records of the company and re-registered the company secretly in his name and that of his wife, Gladys Adjetey. Speedline Stevedoring which was registered on 29th October 1976 with registration number 1902 with four people as shareholders was surreptitiously reregistered by Mr Brenyah , the company secretary with only two shareholders , that�s Mr Brenyah and his wife Gladys Adjetey with registration number 5077, according to the supreme court ruling. Mr Brenyah and his wife Gladys Adjetey almost succeeded in throwing out Mr Dolphyne who had entrusted the management of the enterprise to them. But their act was immediately discovered and was charged with fraud. In the supreme court ruling the attempt to use the time- lapse (statute of limitation) in between the time of the �coup� and that of filing in action to right a wrong was thrown away as the court felt that aspect of the law did not apply in the case. The Supreme Court instead held that a fraud had been committed in the case. The five member panel included Mrs. Justice J Bamford Addo, presiding, Justice Hayfron-Benjamin and Justice Amoah. The others are Justice Acquah (now deceased) and Justice Atuguba. On her part, Mrs. Justice Bamford-Addo observed that that the controversy. Justice Bamford Addo in her ruling observed that that the controversy in the case was whether or not a fraud had been perpetrated by the Brenyah faction against Mr Dolphyne. To her technicalities raised by the defendants could not absolve them from blame. Mr Justice Amoah also noted that Mr Dolphyne from evidence gathered was a stevedore worker with expertise. And that he had left his former employment, Takoradi Ports Services, with the view of forming a stevedoring company. He had made expenses at the initial stages of the formation of the company. Mr S.E Brenyah, on the other hand had been a mere secretary, entrusted with the registration and management of the company. According to the plaintiff (Dolphyne) Mr Brenyah at a meeting before the establishments of the business was entrusted with his (Dolphyne) registration as a director, but he (Brenyah) failed to do so. The plaintiff he added had therefore suffered a loss and was entitled to damages. On the issue of fraud, after considering evidence of both parties, he thought the plaintiff succeeds on the balance of probability�.