A civil suit has been instituted against May Real Estate Development Plc, in the Federal High Court, Eighth Civil Bench, on January 21, 2011, by 28 home buyers residing in Ethiopia and the US for failing to deliver homes within the agreed time, and jacking up the cost of the units. May Real Estate, established with a paid-up capital of 1.5 million Br by Yospeh Mebratu (major shareholder with a million Birr equity contribution) and hi...
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