Second former forestry investment firm director charged

Serious Fraud Office has been investigating the scheme since June 2014

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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.

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