From Suraya Investors’ WhatsApp Group
Suraya is peddling a press release to the media houses about an alleged 1.6bn funding to complete stalled projects. Meanwhile another one of their properties was just advertised to be on auction this morning. Lynx Royal on Ngong Road, that was fully subscribed and millions collected from investors, is in auction. (Check the Daily Nation)
Do not be fooled by this press release.
The truth is, Suraya has collected billions in customer deposits since 2012. They have charged every property advertised to investors and owe billions more to banks in loans.
Lynx Royal is the 2nd Suraya property to face auctioneers in less than 3 months. Tiara Chalbi Drive has also been on auction.
In both these properties, investors are out millions and are watching as their property is auctioned for a loan they didn’t take.
The 1.6bn in financing Suraya is claiming to have received is a drop in the ocean when you consider the billions they owe to investors, the banks and service providers and contractors.
Add to that the fact that the pipeline of troubled Suraya projects is about 10-12; and it quickly emerges that this is just cleansing effort by Suraya.
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