Home Latest NewsBusiness Finsco Africa Ltd Accused of Land Fraud, Faking Documents

Finsco Africa Ltd Accused of Land Fraud, Faking Documents

by Daily Trends

Most land-selling companies have been swindling unsuspecting innocent buyers for decades and we can report that the Kiambu land-buying/selling company Finsco Limited is no better.

What even makes it worse, is the possible involvement of the Principal Secretary in charge of irrigation PS Kimotho Kimani.

Documents in our possession show that the controversial and suspiciously philanthropic company owned by Mr. Mwaura among others who includes a sitting PS in the Ruto administration, has lately been selling hot air in the ongoing Murang’a plots, LR number 10875 owned by Hatwara estate limited. It’s not the first time the PS is involved in land-buying schemes as he was also in the “Legacy ” project.

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The documents shows finsco Africa, faked a land search documents to push for a change of use for the 200 acre piece of land in the project named finsco limited Thika Grove Chania project, previously meant for agricultural purposes at the Muranga county government with the help of two CECs who gave the county Governor, Hon Irungu Kangata, misleading advice.

What is more worrying is that the land-selling company has been swindling unsuspecting victims where they pay for plots but can’t access them as most of these lands are still not ready for subdivision.

In the Muranga land, the owner had a loan with CFC bank of around 365 million shillings which is yet to be cleared for the bank to release the title deeds and hence the reason Mr. Mwaura had to fake a land search with the help of a Muranga CEC,Mr. Paul Mugo who previously worked for finsco limited, for the change of use.

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Several complaints have been sent to the DCI offices along Kiambu road for investigations with reports indicating finsco limited ownership has bribed its way around the office and no arrests have been effected so far.

It’s yet to be clear how long Kenyans will continue being swindled by these land-selling companies with memories of the recently Gakuyo investments scandal still fresh in their minds.

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