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Tropical Green Estate - Mombasa Road
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XSK
#21 Posted : Tuesday, February 01, 2011 10:52:15 AM
Rank: Veteran

Joined: 12/8/2009
Posts: 975
Location: Nairobi
Papa Investor wrote:
Interesting....was inquiring on more details of the project from one of the directors who had provided cellphone number at their "offices" and from yesterday evening...number is mteja..

My main oustanding issue on the due diligence is that the guys should have been willing to share the agreement they had with the owners of the land in order for our lawyers to review and give assurance that the title would pass from current land owners to the development company once all conditions (this also needed to be understood) were fulfilled.

Without this, it would mean just trusting the developers, which would be ok if its was a company with long track record and a lot to lose but now for a company using "shared services offices" and undertaking its first project....lets see how it all develops


If the directors have nothing to hide, they should be ready and willing to talk to the public. I am just left wondering what may be going on.

You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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  | | Edit by user: Tuesday, February 01, 2011 10:59 AM | Reason: Not specified
ruby
#22 Posted : Wednesday, February 02, 2011 8:24:28 AM
Rank: Member

Joined: 3/31/2009
Posts: 56
Yesterday there were some new developments on the project, my two friends who had invested in this projects were called by Central police station after the cops raided Tropical Green Ofices. They got their contacts from the documents left behind, apparently it is claimed that the project is a scam, under police investigation. Some of the officials were also arrested.
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pessa
#23 Posted : Wednesday, February 02, 2011 8:29:49 AM
Rank: New-farer

Joined: 12/30/2010
Posts: 41
Location: Africa
Classic saying WHEN A DEAL IS TOO GOOD THINK TWICE no way a massionate can go for that price. Building costs alone is too expensive
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jawz1
#24 Posted : Wednesday, February 02, 2011 9:13:47 AM
Rank: Member

Joined: 8/4/2008
Posts: 205
Location: Nairobi
Another Busted case courtesy of Wazua Investigations! I now believe cops do read Wazua and not just for the drama on Club SK. Congrats for all the warnings posted here about this company. In future, will part of due diligence on land deals involve a discussion on Wazua?smile
"When the pupil is ready to learn, a teacher will appear." -- Zen proverb
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Papa Investor
#25 Posted : Wednesday, February 02, 2011 9:40:39 AM
Rank: New-farer

Joined: 6/3/2010
Posts: 96
ruby wrote:
Yesterday there were some new developments on the project, my two friends who had invested in this projects were called by Central police station after the cops raided Tropical Green Ofices. They got their contacts from the documents left behind, apparently it is claimed that the project is a scam, under police investigation. Some of the officials were also arrested.



Kindly share what the investors were told by the police. Had they already paid the deposit and had the cheques cleared? are the directors still around or they have varnished into this air?
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MaichBlack
#26 Posted : Wednesday, February 02, 2011 10:04:01 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
Congrats to all wazuans who take their time to share information and experiences on this forum. You save very many Kenyans from anguish.

Na ma guest mtafute njia ya kusema ahsante. Sio mambo ya kuchungulia tu!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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McReggae
#27 Posted : Wednesday, February 02, 2011 10:24:56 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Good stuff!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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wanyuru
#28 Posted : Wednesday, February 02, 2011 10:54:02 AM
Rank: Veteran

Joined: 11/29/2007
Posts: 948
Reminds me of Makuyu Sisal Co ltd....they were selling an acre @ 2500 bob. Lol
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ruby
#29 Posted : Wednesday, February 02, 2011 10:54:33 AM
Rank: Member

Joined: 3/31/2009
Posts: 56
As of yesterday evening, those that had gathered at Central police are those that had paid some deposit, one of the lady who raised the alarm had paid for four plots.
It is claimed that Tropical greens account was/is dry.
Some people were arrested, not sure if the real culprits(Sellers)are behind bars.
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XSK
#30 Posted : Wednesday, February 02, 2011 11:05:38 AM
Rank: Veteran

Joined: 12/8/2009
Posts: 975
Location: Nairobi
ruby wrote:
As of yesterday evening, those that had gathered at Central police are those that had paid some deposit, one of the lady who raised the alarm had paid for four plots.
It is claimed that Tropical greens account was/is dry.
Some people were arrested, not sure if the real culprits(Sellers)are behind bars.


@Ruby

Please explain more on the above. What do you mean dry? Imean i thought they would need they money to start off the project hence dry coffers! More details will be appreciated. BTW I was going to pay on monday 31st. I spoke to a lawyer somewhere in tao, from the conversation i immediately cancelled my plan. I had even prepared the cheque!!
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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  | | Edit by user: Wednesday, February 02, 2011 11:09 AM | Reason: Not specified
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