(AllHipHop News) Young Jeezy has fired back at a former business partner, who is suing the rapper over monies earned from his record label, CTE (Corporate Thugs Entertainment).
Demetrius “Kinky B” Ellerbee is suing Young Jeezy for $5 million, claiming he executive produced four of the rapper’s#### albums.
According to TMZ.com, Young Jeezy has countersued Kinky B. in court.
Young Jeezy claims that he is not friends with Kinky B. and that they have never entered into any business deals together.
According to Jeezy, he never made any agreements to share half of his profits with Kinky B.
[ALSO READ: Jeezy’s Former Business Partner Kinky B. Sues Rapper For $5 Million]
But Ellerbe’s lawsuit claims he was instrumental in obtaining CTE’s deal with Def Jam, yet he was cut out of millions of dollars in profits, which Young Jeezy allegedly redirected to his personal accounts.
“Essentially, Young Jeezy just kind of took over the company, and elected to take all the funds,” Ellerbee’s attorney Mario Breedlove said.