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Safeway Investment Group PRO confirms 10m debt to investors

Safeway Investment Group has made new promises to its many investors following failures by the company to pay up interest promised by the company for investments made over the last five years.

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play Safeway Investment Group has made new promises to its many investors following failures by the company to pay up interest promised by the company for investments made over the last five years.

Public relations officer of the Safeway Investment Group, Mama Martei says they will soon be engaging their angry investors about the new payment plan after the management of Safeway Investment Group admitted owing over 10 million cedis in debts to over 10,000 investors of the company.

The new management which took over in February 2016, is promising a new payment plan for angry investors some of whom have gone to court and won their cases against the company, Martei told Joy News.

Over 10, 000 investors are seething with anger following failures by the company to pay up interest promised by the company for investments made over the last five years.

The company promised to pay between 80-100 per cent annual profit for investments made in tilapia and real estate but from 2014 no profit has been paid.

Several promises by the company to refund monies to the investors have also not been met.

The investors have been worried since then.

Even more frustrating was the decision by the company to lock up the head office of the company and to pull down the website, a situation that suggested that officials of the company were on the run.

One of the frustrated investors, Bukari Rockson proceeded to court and got a verdict in his favour. The company is expected to pay him an amount of 130,000 cedis together with interest.

Speaking to Joy News, Mama Martei said they were not aware the company had been sued but said the company will be meeting with Mr Bukari and other aggrieved investors to find an amicable solution to the problem.

He explained there was a change in management and the new leaders had to familiarize themselves with the situation the company is in at the moment.

He promised that the company will soon reopen its offices for the new management to engage with the investors .

Mama Martei said the promises on the interest would have to be looked at and a realistic repayment plan adopted.

But the aggrieved investors are not impressed because similar promises were made in the past and were not honoured.

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