Issa seeks to unfreeze assets

Businessman Joseph ‘Joey’ Issa will today be seeking to have the Supreme Court set aside an order freezing his assets after the hearing was put off on Friday.



However, on Friday, Issa, who is facing a $1.5 million lawsuit, was successful in getting the court to vary the order.



The court’s decision means that Issa will be able to get living expenses and transact ordinary business.



St. Ann businessman Arthur Von Strolley has filed the suit against Issa\'s company Wisdom Investments Holdings Jamaica Limited, Joseph Issa and Sasha Harjaini the secretary of Wisdom Investments to recover damages for negligence arising from an investment.



Von Strolley is contending in the suit that Issa induced him in June 2007 to invest US$1.9 million with Wisdom Investments.



He claims that there was an agreement that he would get four per cent interest per month on the principal.



He further claims that since February last year he has not received any returns on his investment, nor has his principal been returned.



He alleges that Issa told him that some of his money was invested with Olint TCI, which is operated by David Smith, but Von Strolley is alleging that the investment was done without his authority or instruction.



Olint has since failed and its boss is currently under investigations by the authorities in the Turks and Caicos Islands.



Issa has filed affidavits contending that Von Strolley\'s affidavit was riddled with lies and is seeking to have the freezing order of December 15 last year set aside.