| Two fraudulent investment companies that raised more than £850,000 from the public for near worthless carbon credits have been ordered into liquidation by the High Court. Carbon Green Capital and Agora Capital were shut down in the public interest by the High Court last month, following petitions presented by the Secretary of State for Business, Innovation & Skills.
An investigation into the two companies on behalf of the Insolvency Service found that Carbon Green Capital, a limited liability partnership (LLP) trading out of offices in Lime Street, London, had sold carbon credits to members of the public as investments by making false and misleading claims as to the likely investment returns. The company received in excess £274,000 from members of the public...............................................Full Article: Source |