Goldenscape founder Peter Wangai photo


Thousands of investors under the troubled Goldenscape Greenhouses give an ultimatum to the firm’s owners commanding that the company refund over Sh18.6 billion of their investments or face court action.

Over 3,000 investors move to court to sue owners of the company and its affiliates after they “defaulted on their contractual and moral responsibility to pay Sh18.6 billion to thousands of Kenyans who had invested in their numerous projects.”

“We demand speedy and severe action to be taken within 30 days, failure to which we are giving our lawyers instructions to commence private pursuit proceedings,” they said through their chairman John Opanda.

Goldenscape founder Peter Wangai was last year charged for obtaining money by pretences, conspiracy to defraud, false representation, and issuing bad cheques.

This occured after the Directorate of Criminal Investigations (DCI) launched a manhunt against Peter Wangai Muriithi following an expose aired on a local TV station.

More than 300 people who claim that they invested in the company have since recorded complaints with the DCI with an additional 3,000 yesterday joining the legal suit.

According to Mutea Muthuri, lead at Counsel, Mutea Mwange and Associates Advocates who represent victims in the civil case, they will not tire until justice is done.

“We will not only seek justice but also see that justice is done whether the skies and heavens fall,” he added.

To confuse and complicate the matter, Wangai in a quick rejoinder yesterday through his social media platforms said the company will start settling the said amounts from next week, 1st March 2021.

“Join our CEO live on Facebook on Friday at 8 pm as he discusses the refunds to our investors from March and onwards and resuming our offices in the second quarter of this year,” he said.

The investment by Goldenscape Greenhouses entailed contractual obligations to investors, with an assurance of an Sh550,000 return on an Sh320,000 investment, after six months.

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