The Durban Declaration on Carbon Trading revisited, 16 years later.
Category: South Africa
EcoPlanet Bamboo’s investors were “significantly let down”
Troy Wiseman’s conflicts of interest are at the centre of the unravelling of the EcoPlanet Bamboo investment scheme.
An update on EcoPlanet Bamboo, Eco Resources Fund, and Premier Group (Isle of Man) Ltd: “Substantial recovery of value from the plantations may be unlikely”
The Eco Resources Fund was launched in July 2012 in the Isle of Man. Via a special purpose vehicle called ERF Limited, the Fund invested in bamboo plantations in Nicaragua and South Africa. The bamboo plantations are run by EcoPlanet Bamboo.
Premier Group (Isle of Man) Ltd goes into liquidation. Inspector appointed to investigate Eco Resource Fund. What next for Troy Wiseman and EcoPlanet Bamboo?
EcoPlanet Bamboo runs bamboo plantations in Nicaragua, South Africa and Ghana. A UK company called EcoPlanet Bamboo (UK) Ltd sold “bamboo bonds” with a promise of “a 500% return on investment over a 15 year period” on an investment of US$50,000. But in December 2015, EcoPlanet Bamboo wrote to bondholders to tell them that their…
Bamboozled: Inside EcoPlanet Bamboo’s tangled investment web
In 2011 and 2012, a company called EcoPlanet Bamboo (UK) Ltd raised US$12 million by issuing bamboo bonds. The companies marketing the bonds, including Property Frontiers, EcoInvestments, and Emerald Knight promised returns of 500% over a 15 year investment period.