Payments Group Holding Faces Legal Disputes with SGT Capital

Payments Group Holding (PGH), an investment company based in Frankfurt, has acknowledged a non-payment issue involving SGT Capital LLC and its affiliates. The dispute involves over 5 million EUR in unpaid loans and expenses. SGT Capital LLC, its subsidiary SGT Beteiligungsberatung GmbH, and other related parties are unable or unwilling to make these payments. PGH is considering legal action, including potential claims against SGT Capital LLC up to 100 million EUR, citing possible fraudulent misrepresentation.

Key figures involved include former managing directors Marianne Rajic and Marcel Normann, who have allegedly benefited from the irregularities. The conflict escalates with PGH considering a forensic audit after discovering questionable payments from TGS24 Capital, a wholly owned PGH subsidiary. SGT Capital's alleged contractual breaches could lead to further financial and legal retribution.