High Court action to shut down five Land Banking companies
The Secretary of State for Business, Innovation & Skills has presented petitions in the High Court to wind-up, in the public interest, five companies involved in marketing plots of land as investment opportunities.

The petitions to wind up Pemberton International Limited, Eldon International Limited, Willow International Limited, Allied Investment Management Limited and Abacus Investment management (London) Limited were presented following confidential enquiries carried out by Companies Investigation Branch (CIB) under section 447 of the Companies Act 1985, as amended.

(Via CreditMan. To read the full story, click here)


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