My name is Francis and I am the chairman of Bethany Phase 4 Investors Committee. I called your offices earlier to book an appointment for Thursday 21st Dec 2017 at 2PM to allow the investors committee to come and register there complaint with what is happening in Bethany Phase 4.
In June 2017, this committee was appointed by the over 1000 investors in Phase 4 to represent their interests. We began by meeting Diamond Property Merchants Ltd (DPM) and AgroExchage to discuss how this project would be implemented taking the learning from Phase1, Phase2 and Phase3. The following is what was agreed on during the meeting;
Even after doing all these, the project has been dogged with a number of challenges most of them arising from DPM refusing to release the funds to the Farmer manager for implementing the project.
We had a meeting with DPM and Agro Exchange at the site on 9th December 2017 and the minutes have been attached. If you review the minutes you will be able to see all the problems that have been caused by non disbursement of funds by DPM. It is our opinion that all these challenges would have been avoided had DPM delivered on their side.
Our biggest concern is that DPM has collected over Sh225M from the farmers but they have only disbursed KeS 89M to the farm manager as per the meeting date. This is concerning to us and we think that DPM has channeled our funds to other areas.
We are now calling upon COFEK to get involved and immediate on this issues. We agreed on some resolutions which until today have not been executed on by DPM.
We are now kindly requesting for a meeting with COFEK, DPM, Bethany Phase 4 Committee and Agro Exchange to discuss this matter. Thank you.
COFEK RESPONSE: When the meeting was called by Cofek on December 21, 2017 DPM responded through its' lawyer who said he was proceeding on leave the following day till January 9, 2017. The lawyer said DPM would not come to the meeting but may attend if the meeting was rescheduled to January