On 27 April 2016, REDD-Monitor wrote about three carbon credit fraud suspects who were wanted in Germany for tax evasion and money laundering. Two of the men, Ashraf Muhammad and Mobeen Iqbal, are from Pakistan and the third, Mohsin Salya, is British.
Category: UK
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.
REDD inequity writ large: €4.4 million for Althelia Climate Fund in “management fees”, while villagers in Kenya ask “How is the carbon benefiting me?”
By Chris Lang A new report by Re:Common and Counter Balance investigates the Althelia Climate Fund and its investment in a REDD project in Kenya. The report highlights the findings of a July 2016 visit to the Kasigau Corridor REDD+ project area in Kenya.
Response from Richard Wood, Director of Six and Flow, about Heron Global Partners: “We appreciate that the line highlighted is potentially misleading”
Two days ago, I wrote about a company called Heron Global Partners. Between January and October 2016, the company raised £10.8 million in “investments”. It did so, not by cold calling, but using “inbound marketing”.
Alternative Investing with Heron Global Partners and Renwick Haddow: Inbound marketing is the new cold calling
A couple of weeks ago, a REDD-Monitor reader sent me an email. I’ll call him Jack. “Have you seen the website alternative-investing.uk?” Jack asked. “I think it could be a scam site given the track record of these types of things.”