High Court shuts down £3.2m land banking scheme

Berkeley Warbeck and Dentam Frost persuaded investors to hand over the money for plots of land on the basis that planning permission would be granted for development. However, in reality, there was no likelihood of planning permission being granted as the land was located in the greenbelt or subject to restrictions on development. Meanwhile, another connected company, Sloane Knight, has also been liquidated for marketing voluntary carbon credits for sale to the public as an investment. It only operated for a few weeks and it is not clear how much money was raised from the public, i...