Last night on BBC TV, Inside Out took a High Court enforcement officer to pursue property multi-millionaire Ajay Ahuja who had refused to repay claims awarded against him in the small claims court. The claims were made by novice investors who had trusted the Ahuja Group to source investment property deals for them but Ajay Ahuha had (in the opinion of the Court) both failed to deliver on his promises and refused to refund the deposits he had been paid.

In one case, a family man (and client of Summit Finance) was given just 2 hours to raise a £4,000 deposit and the Ahuja Group wouldn’t even give him the full address (to do his due diligence and check the comparables) until after he had paid the deposit. Needless to say, the prospective investment was a dud!!!

The enforcement officer knocks on Ajay Ahuja’s Cambridgeshire front door before dawn and presents him with 2 warrants. Still Ahuja refuses to pay, despite the Court’s order. Ahuja is then told that his car (a silver Mercedes) will be seized and sold at auction (and I’m sure I heard the bailiff say “again”). Ahuja refuses to surrender the keys and so a recovery truck is called and prepares to tow his car away.

Reluctantly Ahuja pays up more than £14,000 (including costs incurred through his own arrogance) and the bailiff comments that “I’m sure we’ll be seeing him again.” Paul Shamplina of Landlord Action was there too, just to add a few words at the end.

Watch BBC iPlayer for yourself to see (just 10 minutes), and then pass this tale on to anyone thinking of doing business with either Ajay Ahuja or the Ahuja Group:

http://www.bbc.co.uk/iplayer/episode/b00nqhs4/Inside_Out_London_02_11_2009

And if you know anyone that has already been conned by the Ahuja group and wants their money back, I suspect they’ll find this short BBC video interesting too:

http://www.bbc.co.uk/iplayer/episode/b00nqhs4/Inside_Out_London_02_11_2009

=========================== UPDATE ===========================

I am astonished by the number of emails I have received back from people within just hours of this post, either with stories of how Ajay Ahuja ripped them off and seeking help to recover their money from him, or simply thanking me for saving them falling into his trap.

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Andrew

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