HOW PARAMOUNT BANK GRABBED PARCEL OF LAND FROM POOR FAMILY IN PARKLANDS

 

                                                   Mr Ayaz Merali of Paramount Bank

Mr Zaverchand Ramji Shah is the legal and registered owner of LR No. 209/6/measuring approximately 0.2617 Ha that is situated within Parklands, Nairobi County, he’s however fighting for the ownership of the property against a bank whose owners are highly connected individuals within the business and political community.

Mr Zaverchand Ramji Shah, together with his family have been in continuous occupation of the land since 1989. That was until Paramount Bank Limited and its Directors Anwarali Merali, Ayaz Merali, Noorez Padamshi, Mohamed Mujtaba and Mercy Kamau schemed and obtained false registration against the Title Deed in a bid to arbitrarily dispossess Mr Shah of his property.

Paramount Bank Limited and its Officials conspired with known unscrupulous land grabbers and fraudsters namely Kurwa Limited, Karim Kanani and Alderman limited to forge Court Orders, place illegal newspaper advertisements and manipulated documents at the Lands Registry. Thereafter they connived to effect the fraudulent transfer and ultimately moved to trespass and demolish the structures thereon without any colour of right.

The Bank, taking advantage of a clearly illegal situation, instructed hooligans to invade the property on a Friday night when the family was in physical possession. The said hooligans came armed with crude weapons and police protection from Parklands Police Station and proceeded to lock Mr Shah´s entire extended family out of their land in the dead of the night.

When Investigations were done, Garam Investments (who the Bank purports to have instructed to auction off the property) unambiguously denied ever dealing with the property in their letter dated 30th August 2019 addressed to the Director of Criminal Investigations (DCI).

Mr Shah is reliably informed that the Bank´s officials have been summoned by the DCI but the said officials have not only completely ignored the summons but also attempted to scuttle and bungle up the investigations as well.

Mr Shah has since written several complaints against the Bank to the Central Bank of Kenya, Land Fraud Unit of the Directorate of Criminal Investigations (DCI), the Garam Auctioneers, the newspaper which carried the advertisement and the DPP seeking information and assistance to little avail. To date, no action has been taken to bring the perpetrators of this fraudulent act to book while the Bank and its co-conspirators continue to occupy Mr Shah’s property.

Mr Shah´s plea to CBK, the Media, the DCI, the DPP, the Inspector General of Police and the public at large is that it is time the perpetrators of this heinous crime are investigated, prosecuted, punished to the fullest extent of the law and Mr. Shah's property returned to him.

The foregoing fraudulent actions clearly depict that Paramount Bank Limited has no regard for common decency, due process of the law. It is in the interest of justice that speedy investigations should be conducted to bring this matter to a tidy closure.