Home REIT offloads more houses in scramble to pay off debts August 30, 2024 Scandal-stricken property investor Home REIT has offloaded another chunk of its housing portfolio this week as it scrambles to raise cash and pay off its debts before winding down. In a statement to the market today, the former FTSE 250 firm, set up in 2020 to house the homeless, said it had sold off 101 [...]
Home REIT: Beleaguered trust targets lifting of trading ban August 23, 2024 Home REIT has laid out its plan to apply to the Financial Conduct Authority to restore the trading of its shares, as the beleaguered trust’s chair admitted facing “very significant challenges”. The trust was launched with the intention of providing social housing to the homeless, but has been pummelled with multiple scandals over the last [...]
Serious Fraud Office ‘should be replaced with a new body’, say IEA August 23, 2024 The UK anti-fraud agency should be replaced with a new body dedicated to combating economic crime, says a new paper by think tank IEA
Swiss authorities order Glencore to pay £119m over to resolve bribery probe August 5, 2024 Energy giants have been ordered by the Swiss authorities to pay a fine and compensation totalling around £119m, in regards to the bribery of a Congolese public official by its business partner in 2011
SFO charges five former Glencore employees in bribery probe August 1, 2024 SFO has charged five former Glencore employees over allegations of conspiring to make corrupt payments in order to benefit mining giant Glencore
‘Hoodwinked from IPO onwards’: Home REIT shareholders round on scandal-hit investor over wind-down plans July 17, 2024 Home REIT shareholders have rounded on the firm and its investment manager today after the scandal-hit social housing investor revealed plans to wind down in the coming months.
Scandal-hit Home REIT set to wind down July 16, 2024 Scandal-hit social housing investor Home REIT is set to wind down after failing to pay off a huge debt pile and struggling under the costs of a slew of legal battles and a probe from the City regulator.
Liquidators of collapsed Arena Television launch lawsuit against British banks July 3, 2024 The liquidators of collapsed broadcaster Arena Television has launched a civil claim against Lloyds Bank and Bank of Scotland.
Ex-cop set to be hit with freezing order over London Capital & Finance scandal June 25, 2024 Former cop Paul Careless is set to be hit by a freezing order after being accused of being a main beneficiary of the London Capital & Finance scandal
Home REIT refinancing talks fall apart in blow to scandal-hit housing fund June 17, 2024 Home REIT’s efforts to renegotiate the terms of its £130m debt pile have fallen apart in a blow to the embattled social housing fund as it scrambles for stability after a string of scandals.