A few years back Green Planet Plc starting selling plots of land in the Province of Natal in North East Brazil. They operated out of expensive premises in The Gherkin in the City of London.
The main area for sale was at The White Sands Country Club, and White Sands Towers, just a few miles to the north of the city of Natal.
Admittedly this is a great area for development, but was it a great deal?
Purchasers of land at White Sands are mostly still waiting for certificates to show they own anything. Some have been offered planning certificates, but these relate to what we would normally call outline consent rather than detailed consent. My understanding is that the planning certificates relate to what the Brazilians called the loteamento, or the area classification. This is stage one of a rather lengthy process that can take four years or more to come to fruition.
To the best of my knowledge there have been no updates.
A trust certificate was issued to some purchasers claiming that a company called Title and Trust was acting as trustee for the operation. That company ceased trading at least two years ago.
Green Planet’s website, though still online, has not been updated for nearly two years. The company moved from The Gherkin into smaller offices in Soho Square. They then moved again into even smaller officers in Covent Garden, and my understanding is that there is one room, a desk, and a telephone, that is never answered.
It also appears that most of the directors have resigned, and the company is a skeleton. Not only is the UK version of the company no longer functioning, but neither are the two related companies in Gibraltar.
In short, the situation would appear to be that the company no longer exists, and the money that has been paid over for plots of land has gone god knows where, and there is in all probability no ownership of land in Brazil at all.
Someone claiming to be called Brian Hubbard appears to be acting as some kind of watchdog for the company. What his purpose is, is not clear at the moment, and although he has offered to speak to me, he has not returned my calls, neither has he sent any meaningful email of explanation to me. For the record, Brian’s email address is email@example.com
Whether there is anything tangible that could be called Green Planet Investment is another matter.
A copy of this post will be emailed to him, and I will post any reply he chooses to make. However, at the moment it would appear that Green Planet was yet another fraudulent operation, and those of you who have been defrauded are invited to join a group to see what, if anything, can be salvaged from this mess.