White Sands Country Club
This is another article in my occasional series of blogs issued in the
public interest. It concerns the supposed developments at Genipabu
Beach Club, White Sands
Country Club, and White Sands Towers just to the north of Natal, in
North East Brazil. The question arises in this promotion as to wether
it was fraudulent, or just another flop.
A few years back Green Planet Plc starting selling plots of land at
Genipabu Beach Club and
White Sands in the
Province of Natal. They operated out of expensive
premises in The Gherkin in the City of London.
There were three main developments for sale: Genipabu Beach Club, The
White Sands Country
Club, and White
Sands Towers.
Admittedly this is a great area for development, but was it a great
deal for customers, or just for the directors of Green Planet?
Purchasers of land at White Sands are mostly still waiting for
certificates to show they own anything. Some have been offered planning
certificates, but these relate to what we would normally call outline
consent rather than detailed consent. My understanding is that the
planning certificates relate to what the Brazilians called the
loteamento, or the area classification. This is stage one of a rather
lengthy process that can take four years or more to come to fruition.
To the best of my knowledge there have been no updates.
A trust certificate was issued to some purchasers claiming that a
company called Title and Trust was acting as trustee for the operation.
That company ceased trading at least two years ago.
Green Planet's website, though still online, has not been updated for
nearly two years. The company moved from The Gherkin into smaller
offices in Soho Square. They then moved again into even smaller
officers in Covent Garden, and my understanding is that there is one
room, a desk, and a telephone, that is never answered. For all I know
this isn't even an office, merely an accommodation address.
It also appears that most of the directors have resigned, and the
company is a skeleton. Not only is the UK version of the company no
longer functioning, but neither are the two related companies in
Gibraltar.
In short, the situation would appear to be that the company no longer
exists, and the money that has been paid over for plots of land has
gone god knows where, and there is in all probability no ownership of
land in Brazil at all for investors.
Someone called Brian Hubbard appears to be acting as
some kind of watchdog for the company. His purpose is not
clear at the moment, and although he has offered to speak to me, he has
not returned my calls, neither has he sent any meaningful email of
explanation to me. For the record, Brian's email address is
brian.hubbard@greenplanetinvestment.com
Whether there is anything tangible that could be called Green Planet
Investment is another matter.
A copy of this post will be emailed to him, and I will post any reply
he chooses to make. However, at the moment it would appear that Green
Planet was yet another fraudulent operation, and those of you who have
been defrauded are invited to join a group to see what, if anything,
can be salvaged from this mess.
john