Sustainable AgroEnergy assets frozen in UK

In the UK, fallout from Sustainable AgroEnergy which is under investigation by the Serious Fraud Office and later had its assets frozen. Now it seems that some investors may have been “mis-sold” interest in the company by regulated financial advisors, meaning that some may be able to claim as much as $64 million back from the Financial Services Compensation Scheme.

The company who provided due diligence on Sustainable AgroEnergy may face legal action by agents and advisors who sold interest in the company if it turns out that the due diligence wasn’t properly undertaken.