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September 20, 2018

Real estate sector taxes post mixed performance

EAST African Portland Cement Company, the country’s oldest cement maker, has warned of fraudulent land deals on its plots along Mombasa Road.

The company said it has unearthed a scheme where various unscrupulous groups and individuals are targeting unsuspecting investors with fake title deeds.

Developers, the Athi River-based firm warned, should be careful about land sales from Greenpark Estate to Daystar University where it said it owns several parcels of land.

“Parts of our land parcels have been invaded by fraudsters who are pretending to have purchased it from the company,” EAPCC said in a statement. “These land invaders will soon be ejected following due process of the law in accordance with court orders which are in place.”

The listed company cited orders issued by the High Court in Machakos in a Civil Case 74 of 2014, that warned public to keep off the land in question.

“The public should heed the many warnings given before in the press by both company and government officials to the effect that these parcels of land have not been sold and are not for sale.”

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