DPP’s office to hasten prosecution of top Paramount Bank officials who fraudulently acquired Parklands land
The office of the Director of Public Prosecution has said that it will hasten the arrest and prosecution of top Paramount Bank officials implicated in the illegal acquisition of a prime parcel of land in Parklands.
The officials are Anwarali Merali and Ayaz Merali who are father and son respectively, Noorez Padamshi, Mohammed Mujtaba and Mercy Kamau (bank director) and lawyer who executed the transfer.
The land in question is LR No. 209/6/13, IR No. 30866/9, and size 0.2617 of a hectare situated within Parklands, Nairobi County.
Leaked: Nairobi businessman appeals to DPP Haji to fast-track Parklands land file implicating top Paramount Bank officials
Businessman Zaverchand Ramji Shah has appealed to DPP Nordin Haji to hasten the probe into the grabbing off of his land in parklands.
This is after the DCI lands fraud unit wrote to Hajis office recommending the arrest and prosecution of Paramount Bank officials led by Director Ayaz Merali.
Other directors are Anwarali Merali, Noorez Padamshi, Mohammed Mujtaba and Mercy Kamau.
In a clear case of conflict of interest, Mercy Kamau is the lawyer who signed the transfer documents on behalf of Paramount Bank despite being a director.