Legal
Troubled forestry firm GWD branded a ‘scam’ as part of High Court liquidation hearing
GWD Forestry Limited, which raised money for plantations in Brazil and Canada, is facing a petition to be wound up by a creditor who alleges the company was a fraudulent endeavour
A Dublin-registered forestry company that raised around €30 million from investors has been dubbed a “scam” which perpetrated “clear fraud”, the High Court has heard.
GWD Forestry Limited, which raised money for plantations in Brazil and Canada, is facing a petition to be wound up by a creditor who alleges the company was a fraudulent endeavour.
Franco Bertellino, a creditor from Rivoli in Italy who says he is supported by 19 other investors, wants to ...