Avro Energy Scam - sent money to firms run by owners

Freddie43b

Interesting article in The Times 24 Sept 2021...

Jake Brown and his father each own half the shares in Avro Group, the holding company for a string of businesses.

• Accounts for associated companies show that Avro Energy provided a £830,000 unsecured, interest-free loan to Berkeley Swiss-Limited, a construction company controlled by Brown and his father.
• Avro Energy also records £2.25 million in management charges for an advertising agency called Sendito Marketing, owned by the Browns.
• A further £163,656 of loans to the pair are recorded in the most recent accounts.

I know this is standard practice for Private Equity and Hedge Funds, but for private individuals does this amount to criminal activity?

jimjames

Already a thread on this with some great work done by MSE user @ihatetrump , you read it on MSE before elsewhere!

https://forums.moneysavingexpert.com/discussion/6299057/was-avro-trading-illegally-or-fraudulently-for-the-last-2-years-was-it-like-a-ponzi-scheme#latest

Freddie43b

Thanks for the link.
I felt someone, somewhere must be onto it!
I spent ages Googling but a simple post here brings up the works.