Following action in the High Court in relation to a series of unregistered collective investment schemes, the Financial Conduct Authority of the United Kingdom (FCA) is seeking to identify investors who may be eligible for restitution.
ASIC is assisting the FCA to share this information, which may be of interest to Australians who had invested in either:
- African Land (also known as Agri Capital) which offered investments in rice farm harvests in Sierra Leone and was run by African Land Limited; or
- Reforestation Projects (also known as Capital Carbon Credits) which offered investments in carbon credits intended to be generated from land in Sierra Leone, Brazil and Australia and was run by Reforestation Projects Limited.
This link contains information about the matter, including steps that can be taken to notify the FCA of details in relation to investments made. The FCA requires these details by 31 March 2019.
Any queries relating to this matter should be directed to the FCA using the contact details on the FCA website.