Monday, November 02, 2009
Landlord Action exposes rogue property investment sourcing company on BBC London’s Inside Out programme and on SKY CHANNEL 974.
Paul Shamplina, director and co-founder of Landlord Action, has helped to expose a property investment sourcing company and achieve a successful outcome by recouping over £10,000 to reimburse two aggrieved customers on money judgements, they obtained at court..
Landlord Action, a company who specialise in tenant eviction, have recently seen a worryingly increasing number of investors and landlords making contact with the debt recovery arm of their business in an endeavour to seek refunds on property sourcing fees they have passed over to property investment sourcing companies.
One such company, The Ahuja Group, owned by self proclaimed property millionaire Ajay Ahuja, has no less than 12 cases against him being handled by Landlord Action and it is Ahuja who is confronted and exposed on BBC London’s Inside Out programme to be aired on Monday 2nd November at 7.30am, also on Sky channel 974 and BBC I Player.
Paul can be seen attempting to visit the trading premises of The Ahuja Group in Whitstable, Kent along with a high court sheriff, only to establish that the address is a virtual office and no staff are in situ. A further early morning visit is then filmed at Ahuja’s home in March, Cambridgeshire with Paul being accompanied by two High Court enforcement officers. Ahuja called the police to have them stop his Mercedes being repossessed and towed off his drive, by the High Court Enforcement officers, all of which makes interesting TV viewing.
Paul comments, “visiting Ahuja at 6.30am certainly took him off guard. After following a few false leads to try and get the money back for our clients the end result was a great achievement for those people who handed over money in genuine good faith, for property leads. Previous to these two cases, we have instructed High Court Officers to attend Mr Ahuja’s address, to collect on another money judgement for over £5000. Unfortunately The Ahuja Group is not alone in their practices and there are other property investor companies out there, which are making false promises on property deals, where there are over valuations, rental yields do not stack up and properties are in a poor state. Investors need to do more diligence on companies they deal with, before handing sums of monies over.
After realising that there was no way out, Ahuja agreed to hand over around £10,000 to refund two of his clients Dawn Lawrence and Judith James, plus an extra £3,000 in costs.
Watch the episode here on iplayer
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property investing,
property investment
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1 comment:
If you want to hear my side of the story visit:
http://www.ahuja.co.uk/property-news/property-headlines/let-down-by-auntie-beeb/
Ajay
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