Collapsed bio-fuel firm boss hits out at administrators

Sustainable Growth Group (SGG), Sustainable Agroenergy and Sustainable Wealth Investments were put into receivership earlier this year, with Adrian Hyde of Chantrey Vellacott DFK appointed as the administrator. It is believed around 2,000 SIPP holders put approximately £40m into the investments, involving jatropha tree plantations in South East Asia. In a letter sent to administrators, Gregg Fryett, chairman and founder of SGG, criticised the administrator for "misrepresentations" to creditors about the underlying assets of the group of companies, including inaccuracies about land own...