Monday 2 October 2017

Part 2. Did Mr. Nirish Shah acquire 100 acres parcel of land in Athi River legally?

Was 100 acres parcel of land in Athi river which Sidai Village sits on  acquired legally?
Mr. Nirish Shah and Harit Seth       

Mr. Nirish Shah and powerful brother in-law and an  advocate of High Court Mr. Harit Sheth have mastered the art of purchasing huge chunks of land through questionable means .
In a recent story in one of the local print media, Mr Shah talks about how they bought pieces of land Runda, langata and Athi River respectively . In Athi River they built an estate named Sidai Village, which stands on 100-acre parcel of land.

Questions have been raised at how they( Chigwell Holdings and partners ) acquired 100 acres parcel of land in Athi River.
- Credible records shows that Mr. Francis Mburu of Agriculture Syndicate Limited agreed to sell 100 acres parcel of land LR NO. 10426/3 and 10426/8 to a company known as Gimu Development Limited in April 2005 for a total value of 45million. Another record indicates that in August the same year, the same 100 acres was sold to Chigwell Holdings trough Harit Sheth advocates upon paying some 5million .
- Record shows Mr. Mburu received a deposit of 5million and another 6.6million which totaled to 11.6million
- Records shows that Harit Sheth advocates was the lawyer handling the land sale transactions


- Its alleged that they arm twisted Gimu Development in the deal , never refunded the 11.6million deposit paid
- The same 100 acres parcel of land in Athi River is what Sidai estate sits on
- How did Nirish Shah a director at Chigwell Holdings, married to Mr. Harit Sheth sister and was a staff who was working at Harit Sheth Office in 2005 was able to buy land worth 45million ?
- Is there documents , receipts, bank statements that shows how the 45million was paid to Mr. Francis Mburu by Mr. Nirish Shah of Chigwell holdings
- Did Mr Nirish Shah submit tax returns for the year ending 2005? ( we are looking at tax records )


- Court proceedings shows that Mr. Francis Mburu through his lawyer Harit sheth lied to court that the land in Athi River is being sold to a Foreign client and any delay might force the client to pull out( Chigwell Holdings which is owned by Mr. Nirish Shah)
- 12 years later , the mater is still in court but the land is long gone and Sidai Estate sits on it and 11.6million could easily go down the drain
 - Chigwell holdings being an active member of Kenya Property Developers Association should lead by example 

Part 3 Loading......



No comments:

Post a Comment