City directors convicted in £23m investment fraud

Laura Miller
clock

Three men have been convicted of fraud as part of the Serious Fraud Office's (SFO) investigation into a £23m 'green' energy investment.

The convictions relate to the Sustainable Growth Group (SGG) and its subsidiary companies Sustainable AgroEnergy (SAE) and Sustainable Wealth (UK) Investments (SWI). Gary Lloyd West, former director and chief commercial officer of SAE, James Brunel Whale, former director, chief executive officer and chairman of SGG and Stuart John Stone, director of SJ Stone Ltd, a sales agent of unregulated pension and investment products, were all convicted of fraud-related offences at Southwark Crown Court. The SFO's criminal investigation focused on the selling and promotion of SAE investment prod...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Special situations: How to spot a good management team

Special situations: How to spot a good management team

'We prefer management teams that are considered rather than overly promotional'

Henry Flockhart and Andy Gray
clock 10 December 2024 • 5 min read
Partner Insight: Is FOMO overruling investment basics?

Partner Insight: Is FOMO overruling investment basics?

In 2020 we introduced our bubbles chart showing how concentrated investors were in a particular theme. Four years on we look at what, if anything, has changed, and what it means for investors going forward.

Orbis Investments
clock 09 December 2024 • 3 min read
Can Japan's small and mid-cap companies stage a comeback?

Can Japan's small and mid-cap companies stage a comeback?

Japan looks ripe for a change in market leadership

Darius McDermott
clock 06 December 2024 • 5 min read