Home Madrid Economy Energy Cos., adviser says no to fraud in £4.2m loan notes

Energy Cos., adviser says no to fraud in £4.2m loan notes

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By Najiyya Budaly (15 March 2021, 18:59 GMT) – A financial adviser and two renewable energy companies say they did not make fraudulent misrepresentations to a pair of brokers, hitting back at 4.2 million sterling from investors ($5.8). million) Trial in the High Court.

Renewable Land Resources Ltd. and Reliance Energy (LN) Ltd. said in a March 3 High Court filing that Paul Jansen and Kevin Hastings should have known that the £4.2million they invested in the energy companies through loan notes in April 2019 had “a risk attached to them. »

Jansen and Hastings, who are business partners, alleged that the renewable energy companies failed to use the money to…

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