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Real estate company Lesedi Developers has issued a statement following reports that it swindled investors over 1 billion shillings.
Lesedi founding director Geoffrey Kiragu terms the fraud allegations against the company as unfounded and an “injustice to our company's reputation.”
While acknowledging that the company has faced challenges in meeting its obligations to clients, the director insisted that Lesedi has been procuring land and has overheads.
“Real estate is a business that provides opportunities for investors to own property. Like all other ventures, there are evolving difficulties. The allegations of scamming and conning people are ridiculous and completely untrue. We procure land and have overheads," the statement read in part.
Kiragu assured his clients that the company would continue delivering on its promises given the right time, space and environment.
“We have conned no one. The amount of money alleged as what the company has illegally acquired from people is surreal…We have always been dedicated to delivery and we will continue to do so,” he added.
Among the disgruntled investors is Fidelis Njeri Thuku, who claims she lost Sh1.8 million after the company failed to deliver a two-bedroom bungalow at Jacaranda Ridge Estate in Juja, Kiambu as per their agreement.
Another investor told Nation that he paid for a 40 by 80 feet piece of land, only to find out later that the land available on the ground was 30 by 76.
He also claimed that the ownership of the land in question was contested by another person who claimed to own it legally.
The real estate company contracts celebrities including social media influencers, artists, and media personalities as its ambassadors.
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All those who were advertising Lesedi needs to be held accountable for being buddies in crime.
Nairobi conmen always. ATI Lesedi. I knew that's a South Africa name. Enough huge red flag to begin with. Shetani ashindwe
Yaa yaah yaah. Another from Kenyan thieves. From Bishop Ngare, Urithi, Optiven, sijui Username bra bra bra. Kenya has one of the smartest thieves in Africa, South of the Sahara, second only to Nigeria. Just like Nigerians fear each, I fear Kenyans and a hungry hyenas. Like I always say, about 98% of Kenyans are professional thieves and con men, 1% are waiting at the periphery to strike, and only 0.5% can maybe reject temptations and the last batch of 0.5% are holier than though. MjuAji is in the last batch. From family members, relatives, neighbors, diasporans, politicians, theologians, leaders, the list is endless. If you have never been conned by your father, mother, brother, sister, or your own child, then wait its coming.
A tif is a thief no matter what goat skin the tif is wearing!
This is one among many Realtors conning investors in Kenya. They need to be taken down or hunted on the streets with Machetis. They do not deserve to live if they are conning people of their hard earned money….
This is one among many Realtors conning investors in Kenya. They need to be taken down or hunted on the streets with Machetis. They do not deserve to live if they are conning people of their hard earned mone.
Wajinga wa Tamaa na Mali ndyo Waliwao. And I could be One of these Wajingas.