Earlier this week, the Insolvency Service announced that they had procured undertakings from Andrew Skeene and Omani Bowers under the Company Directors Disqualification Act 1986. Skeene & Bowers were the two directors and shareholders of GFI Consultants Ltd, the company that had purported to sell ‘plots’ in the Belem Sky & Para Sky Plantations. The former trustee of the Green & Fixed Income Schemes invested £1.66m into the Para Sky Plantation.

These undertakings have the same effect as a formal disqualification order. They prevent Skeene & Bowers from acting as directors, or being involved in the management of companies.

Astonishingly, the Insolvency Service found that of c.£20m received by GFI Consultants Ltd, £13m was transferred to the personal bank accounts of Skeene & Bowers.

You can read the Insolvency Service’s announcement by clicking here.