John Adgemis is facing a legal battle over his grandmother's inheritance.

The owner of Public Hospitality Group, John Adgemis, has become embroiled in a financial dispute with his cousin over his grandmother's inheritance. Adgemis's grandmother, Elena Konfos, was the oldest Greek-Australian in the country, passing away in July 2021 at the age of 109. John was appointed as the executor of her will.

As reported by the publicationThe Australian Financial ReviewCurrently, a legal case has been initiated against John by his cousin, Dr. Theo Penklis from Rose Bay. A representative of Adgemis stated that this is a private family matter and has no relation to John's businesses.

Photo: Development Ready.

Mr. Penklis filed a preliminary claim on his grandmother's property; however, it was withdrawn after negotiations on February 15, 2024, noted a representative. Penklis's lawyer, James Jordan, a partner at the law firm Jordan Djundja Lawyers, clarified that the case will still be heard in court. It is scheduled for a hearing in the Supreme Court on March 20.

Public Hospitality Group, which has over 20 properties in its portfolio, is facing cash flow issues while also burdened by significant debt and involved in numerous legal proceedings for many years.

Source:The Australian Financial Review

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