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 pro...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Wealth managers

St James's Place results lay bare cost and charging challenges against market tumult

St James's Place results lay bare cost and charging challenges against market tumult

'Structural opportunity' for advice industry

Hope Coumbe
clock 28 February 2024 • 3 min read
SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

SJP CIO Onuekwusi: Retail investors lack appropriate structure to access private markets

Open-ended structures 'have to work'

Valeria Martinez
clock 01 December 2023 • 2 min read
M&G launches full PruFund range on Wealth platform

M&G launches full PruFund range on Wealth platform

‘Greater flexibility and wider choice’

Valeria Martinez
clock 22 May 2023 • 1 min read
Trustpilot