Five companies involved in the mis-selling of undeveloped land for investment to the public have been ordered into liquidation in the High Court following a Insolvency Service investigation on behalf of the Government.
The Company Investigations of the Insolvency Service found that Pemberton International Limited, Eldon International Limited, Willow International Limited, Allied Investment Management Limited and Abacus Investment Management (London) Limited were all involved in operating an unscrupulous land investment business. The companies falsely claimed to provide the best land and property in the UK with future development potential and the capacity to deliver maximum returns to investors including selling land they had no right to.
Ian Lucas, Minister for Business said: “This action sends a clear message to those businesses who set out to cheat members of the public and investors
