Akon claims his record label cut ties with Lady GaGa because her career is on the decline.

The 'Senegalese' hitmaker, who initially signed Gaga to his Kon Live Distribution record label under Interscope in 2007, claims he ''cashed out'' on the 'Born This Way' singer because he felt her career had hit a ''peak''.

In an interview with US DJ Sway on Sirius XM, he was asked if he was ''still involved with the star'', to which he responded: ''Actually I cashed out. I got out while the gooding (sic) was hot. It's like a business, you build it to sell it.

''When I got it to the peak of where I felt it couldn't go nowhere, and there was nowhere left to go but down, I cashed out.''

He added: ''In other words I sold my share and got out before it was too late.''

During the earlier years Akon was involved in Gaga's first album 'The Fame' and co-wrote her hit debut single 'Just Dance.'

When another DJ sitting in on the chat suggested her recent 'ARTPOP' album didn't live up to the success of her previous records, Akon reiterated: ''That's why I got out.''

The 27-year-old star has previously been forced to defend her new music and claimed she has lost friends throughout her career due to ''greed.''

Writing on her Little Monsters website, she said: ''I never thought after all the years of hard work that those I called friends and partners would ever care so little at a time I needed them the most. I have lost loved ones to the greed of money.''