In December 2019, KenyanBusinessfeed.com wrote an article that Goldenscape Greenhouses Limited, a smart farming venture in Kenya seemed to be entering a hard phase in its once profitable venture.
Goldenscape had written a letter to its clients that they were going throigh a hard time financially and that there wil be delayed payments of return on investments.
“The past couple of weeks lave been our lowest ever, going that we were not able in pay your insestment returns as per our agreement. for this we sincerely apologize. Our sincere apologies go out to our fulltime investors who earnestly espec their first returns on investment but have been mer by this unforeseen circumstance, our sincere apologies to you all”, the letter had stated in part
Well, the Chief Executive Officer (CEO) of the company Mr Peter Wangai Murithii was arrested by the Directorate of Criminal Investigations (DCI) on Thursday, after the company failed to honor its pledge to pay the returns on investment in February 2020.
Local media house Citizen TV has carried an advert of the company in December before the CEO wrot the letter.
The DCI’s Serious Crimes Unit communicated that Mr Wangai ‘through his company lured investors to invest in Greenhouses that were to be set up in Ol Kalou, Nyahururu & other places which turned out to be a fraudulent investment deal. He will be charged with the offence of obtaining money by false pretenses, conspiracy to defraud, false representation, issuing bad cheques among other charges”.
Mr Wangai will be charged as his clients have recorded statements with the DCI.
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