Another director of a company that promoted investments in Brazilian teak plantations has been charged with fraud.
Omari Bowers is facing multiple offences; including three counts of conspiracy to defraud, four for forgery, one for misconduct in the course of winding up contrary to the Insolvency Act, and one for making a false statement.
They relate to allege frauds concerning Global Forestry Investments between August 2010 and December 2015.
He is due to appear in court on 2 August 2019.
In poor company
Bowers’ arrest comes shortly after his former colleague Andrew Skeene was detained at Heathrow Airport on 29 June.
Both face the same charges.
10% returns
The minimum investment in the Brazilian teak plantation, according to a brochure still available online, was £5,000 ($6,260, €5,579).
It bought the investor one plot containing around 100 trees.
The scheme was promoted as being Sipp-compatible, with a minimum 10% return on investment per annum.
