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Nairobi: Tycoon Saves Armenians' Goods From Auction

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  • Nairobi: Tycoon Saves Armenians' Goods From Auction

    TYCOON SAVES ARMENIANS' GOODS FROM AUCTION
    Story By Patrick Nzioka

    Daily Nation, Kenya
    Oct 23 2006

    A single telephone call was all it took to save household goods
    belonging to the Armenian brothers from the auctioneer's hammer.

    A local tycoon paid Sh450,000 and an additional Sh100,000 as costs
    in a matter of minutes to save the goods that were to be auctioned
    off to pay rent for the house they lived in at Runda estate.

    The two brothers were deported in June after they allegedly caused
    a security breach at the city's Jomo Kenyatta International Airport.

    Prospective buyers who had gathered at the Pangani Auction Centre yard
    on Saturday went home disappointed because they could not lay their
    hands on the posh sofa sets, beds, fridges, mattresses, carpets,
    tables, crates with bottles and ceramic tiles, advertised for sale
    to recover rent arrears.

    The owner of the house, Mr Sammy Musyoki, had sued Brotherlink
    International Ltd, a company associated with the two men who claim to
    be brothers - Artur Margaryan and Artur Sargsyan - to recover the rent.

    Mr Joab Apopo, a lawyer for Businessman Raju Sanghani arrived at the
    yard just before the auction started.

    He called Mr Sanghani on his mobile phone to brief him on the
    situation.

    Mr Apopo was instructed to negotiate with the lawyer representing
    the landlord to stop the auction on condition that he would be given
    the money.

    If that failed, he was told to bid for the entire lot at Sh450,000.

    The money would be paid once the bid was accepted.

    The auction had been delayed after another lawyer representing Ms
    Shirfana Alarakiya who lived in the Runda home with the brothers,
    negotiated with Mr Musyoki's lawyer, Mr Richard Mutiso, on how to
    pay the money.

    Mr Mutiso rejected her offer of a Sh200,000 down payment, but left
    with Mr Apopo for Westlands after agreeing to negotiate.

    Mr Sanghani appeared before the Kiruki Commission that investigated
    the activities of the two men. He said he had invited them to Kenya
    believing they were investors.

    From: Emil Lazarian | Ararat NewsPress
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