Saturday, 5. August 2006
One of Britain's biggest landbanking operations, Land Heritage (UK), has suspended operations, leaving question marks over £7m paid by 700 investors who bought small plots of farmland from the company.
The plots were sold to investors on the basis that they were likely to be granted planning permission - and potentially make huge profits.
The suspension of Land Heritage (UK) could be followed at other landbanking firms as investor watchdogs target these controversial firms.
(Via Guardian Unlimited Money. To read the full story, click here)