Estate developer, Imperial Homes Limited, has dispelled claims that its Chief Executive Officer, Francis Biney, was involved in a property fraud case.
There were reports that purportedly suggested that the company was a party to a $270,000 fraud case.
The company was accused of forcibly evicting an occupant from one of its buildings—a three-bedroom apartment located in Accra—after an amount of $270,000 was collected from him.
Responding to this in a statement, the company said the property, which is a bone of contention, was developed and handed over to the buyer, Gsell Real Estates Limited, sometime in 2017
The company insisted that its CEO’s signature was forged in the sale of the property to one of the persons involved in the case, stressing that it has no dealings with them.
“In 2022, one Raymond Maglo forged Imperial Homes Limited’s CEO, Mr. Francis Biney’s signature on a Deed of Assignment purporting to sell the property to one Derek Appiah. The said Derek Appiah and his representative, Ernest Danso, never checked with Imperial Homes Limited whether Imperial Homes Limited was still the owner of the property but relied on the words of Mr. Maglo and paid monies to Raymond Maglo.
“Imperial Homes Limited has had no dealings with Raymond Maglo, Derek Appiah, or Ernest Danso on the purchase of the said property, nor has it received any payment from the parties involved in the fraud case.”
Imperial Homes Limited maintained that its CEO has given his statement to the police, adding that it “extricates itself from the said fraudulent transaction or the parties involved in it.”
“The CEO of Imperial Homes Limited has since given his statement to the Ghana Police Service on the forgery of his signature, and the company completely extricates itself from the said fraudulent transaction or the parties involved in it,” Imperial Homes said.
Imperial Homes Limited assured its customers that it will continue to develop and sell only legitimate properties in Ghana and beyond and “is not involved in any fraud whatsoever.”
Read below the statement by Imperial Homes
IMPERIAL HOMES NOT INVOLVED IN $270,000 PROPERTY FRAUD CASE
We refer to the publication of 22nd November 2023 by Herald Ghana Newspaper with the title “Imperial Homes Caught Up in $270,000 Fraud Case” and write to correct the impression created, which has had the effect of tarnishing Imperial Homes Limited’s reputation and brand.
Even though the content of the story does not in any way implicate Imperial Homes Limited in any fraud, the banner headline unfortunately gives the erroneous impression that Imperial Homes was a party to a $270,000 fraud case.
We would like to put on record the following facts regarding the said story:
- Imperial Homes developed the property, which is the subject matter of the dispute, and handed over to the buyer, Gsell Real Estates Limited sometime in 2017.
- In 2022, one Raymond Maglo, forged Imperial Homes Limited’s CEO, Mr Francis Biney’s signature on a Deed of Assignment purporting to sell the property to one Derek Appiah. The said Derek Appiah and his representative, Ernest Danso, never checked with Imperial Homes Limited whether Imperial Homes Limited was still the owner of the property, but relied on the words of Mr Maglo, and paid monies to Raymond Maglo.
- The CEO of Imperial Homes Limited has since given his statement to the Ghana Police Service on the forgery of his signature and the company completely extricates itself from the said fraudulent transaction or the parties involved in it.
- Imperial Homes Limited has had no dealings with Raymond Maglo, Derek Appiah, or Ernest Danso on the purchase of the said property nor has it received any payment from the parties involved in the fraud case.
Imperial Homes Limited takes this opportunity to assure its valued customers and stakeholders that it continues to develop and sell only legitimate properties in Ghana and beyond and is not involved in any fraud whatsoever.
The Herald Ghana’s attention has since been drawn to the erroneous impression created by its choice of words in the title of its story and the use of Mr. Biney’s picture in the headline. Even though the paper has been requested to retract or correct the headline and remove Mr. Biney’s picture from all its media channels, it has failed to do so as at now. Imperial Homes Limited will explore all legal avenues to preserve its reputation and brand.
