Ajay Ahuja Property investment tactics exposed by BBC programme
World Saturday, October 31st, 2009Paul Shamplina is scheduled to appear on BBC London’s Inside Out programme on Monday 2 November at 7.30pm, after he was filmed helping to expose the property investment sourcing tactics used by The Ahuja Group, owned Ajay Ahuja.
Landlord Action, which specialises in tenant eviction, has recently had an increasing number of investors and landlords making contact with the debt recovery arm of their business asking for help in getting back refunds on fees they have passed over to property investment sourcing companies.
In the television programme, which can also be seen on Sky channel 974 and BBC iPlayer, Shamplina is filmed with a high court sheriff attempting to visit the trading premises of The Ahuja Group in Whitstable, Kent.
But they find 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 Shamplina being accompanied by two High Court enforcement officers.
Ahuja calls in the police in an attempt to have them stop his Mercedes being repossessed and towed off his drive, by the High Court Enforcement officers.
Ahuja eventually agreed to hand over around £10,000 to refund two of Landlord Action clients, plus an extra £3,000 in costs.
Talking after the show was filmed, Shamplina said: “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.
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on Oct 31 2009. Filed under