UK high court halts fraudsters claiming to develop biodiesel in Mozambique

August 7, 2013 |

In the UK, the high court has forcibly closed Insight Commodities Ltd, a company that claimed it was developing a moringa-based biodiesel project in Mozambique but turned out to be swindlers. The company managed to secure more than GBP1 million from 100 different investors. The company is one of several companies that claimed to participate in the project that doesn’t appear to exist despite offering “double-digit” returns to investors.

Category: Fuels

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