The legal battle between the defunct Mansion Group and its former CEO, Karel Manasco, reached a new chapter after a judgment from the Supreme Court of Gibraltar last week.
The Supreme Court of Gibraltar issued a £5 million ($6.4 million) asset freeze order against the former CEO of Mansion Group last year, just months before the company’s shutdown. This legal move followed Manasco’s departure in late 2021 after an internal investigation. The court’s decision marks a crucial development in the ongoing legal clash between the two parties.
Mansion Group has accused its former boss of misusing corporate finances for personal expenditures, accepting unauthorized bonus payments, and engaging in unauthorized financial transactions.
Meanwhile, Manasco has filed counterclaims, asserting that Mansion Group conducted unlawful gambling activities in multiple jurisdictions without proper licenses.
Allegations against former boss
- Misuse of corporate finances for personal expenditures;
- Unauthorized bonus payments;
- Unauthorized financial transactions;
Counterclaims by Manasco
Manasco’s allegations include:
| Jurisdiction | Alleged Unlawful Activity |
|---|---|
| Jurisdiction 1 | Unlicensed gambling operations |
| Jurisdiction 2 | Illegal financial transactions |
Gibraltar Supreme Court rules against former CEO in Mansion Group Case
The Supreme Court of Gibraltar has ruled against the former CEO of Mansion Group, applying an exception to the typical confidentiality of settlement negotiations, known as ‘without prejudice (WP) privilege.’ This exception was enacted due to ‘unambiguous impropriety’ in the case.
The court dismissed the former CEO’s request to amend his defense, alongside allegations of unlawful conduct against Mansion Group. The decision reinforces the standards of legal conduct and the application of WP privilege in Gibraltar.
In a significant development for the gambling industry, Mansion Group has secured a victory in its latest legal battle.
The case, closely watched by industry experts and stakeholders, has been pivotal for Mansion Group’s future operations.
Despite this win, the legal proceedings are far from over, with more challenges anticipated in the coming months.
Impact on the gambling industry
This ruling could set a precedent for similar cases, potentially reshaping the legal landscape for online gambling companies.
