A diaspora investment group has accused lawyer Isolina Kinyua of conning them Sh1.8 million and wants the Law Society of Kenya (LSK) to take action against her.
Royal Women Investment Company, which is made up of seven Kenyans based in the diaspora, says it hired the attorney’s law firm Isolina Kinyua & Advocates to register the company and facilitate the purchase of a two-acre parcel of land in Kajiado.
Having identified and verified the property, lawyer Isolina informed her clients that the owner was selling three acres and not two.
The seven investors agreed to first buy two acres for Sh3.6 million before acquiring the remaining acre.
”One of us who is based in Kenya voluntarily agreed to accompany the lawyer to view the land. Those of us abroad agreed to raise the funds to purchase and subdivide the land,” the investors said as quoted by The Star.
They raised Sh900,000 and a took a Sh700,000 loan from Rafiki Microfinance Bank and sent the sum of Sh1.6 million to Isolina’s bank account.
It was agreed that the Sh2 million balance would be paid once the transfer of the two-acre land is complete, according to an agreement drafted on November 11th, 2019 by the seller Francis Ndun’gu Mwangi and Isolina Kinyua & Advocate on behalf of the buyers for the land number KD/Kipeto/13654.
The buyers wired the balance to Isolina’s bank account to complete the transaction. She later told her clients that Mwangi was willing to sell the remaining acre for Sh1.8 million and they mobilized the funds and sent it to her.
”All went well until one of us decided to start developing her land. Issues started arising, we became confused when talking to our lawyer all she demanded was money and more money,” they said in a statement, accusing Isolina of forging a new land sale agreement.
They sent a total Sh5.4 million to Isolina for a piece of land that was going for Sh3.6 million.
”We feel cheated by a professional who unfortunately continues to go about duties,’’ the investors added.
Contacted for comment, Isolina denied the allegations leveled against her, adding that the matter is under investigation.
”Yes, it is true that I acted for them but all the accusations are not true. I can’t go into the details of the case since it is still under investigation. Directors of Royal Women Investment Company are bullying me,” Isolina said.
But the investors dismissed her claims, saying that they are required to present themselves at Kajiado DCI office for investigations to commence.
‘’We trusted and paid her well. It is unfortunate that she chose to cause pain to us. We work so hard abroad, hoping for a better retirement back home. All that has been washed down the drain,’’ the investors said.