EcoHouse Group explained

EcoHouse Group Developments Ltd
(in compulsory liquidation)
Type:Private
Founder:Anthony Armstrong Emery a/k/a Anthony Armstrong
Defunct:
(Liquidation commenced)

(Liquidation concluded)

(Dissolution date)
Homepage:https://web.archive.org/web/20121012062341/http://www.ecohousedevelopments.com/
EcoHouse Developments Ltd
Type:Private
Defunct:
(Liquidation commenced)

(Dissolved)
Homepage:https://www.pwc.co.uk/services/business-recovery/administrations/ecohouse-developments-ltd-in-creditors-voluntary-liquidation-the-company.html

EcoHouse Group Developments Ltd and EcoHouse Developments Ltd are defunct UK companies, registered in England and Wales.[1]

The companies claimed to have been specialising in the construction of social housing through the Brazilian government's Minha Casa, Minha Vida programme; however, in August 2014 the Brazilian Embassy in Singapore (where Ecohouse attracted many investors) stated that the company had no relationship with the Brazilian government.[2] [3] [4]

In November 2014 it appeared the company was not on the government's list of participants in the scheme, and the companies are subject to fraud investigations by the Brazilian police.[5] [6]

Background

Launched in 2007 by Anthony Armstrong Emery,[7] it offered investors 20% return on their £23,000 investments after 12 months. [8]

EcoHouse stopped selling Brazilian properties in Singapore after investors filed against the company for failing to return investment money on time.[9] [10]

In August 2014, after Ecohouse closed its Singapore offices suddenly, the Brazilian Embassy there denied any relationship between the Brazilian government and Ecohouse, stating that there is "no link whatsoever" and that they "feel sorry for these investors". Ecohouse was apparently not regulated by the Monetary Authority of Singapore. The Brazilian tax authorities in 2014 stated that the company had been under investigation for 8 months.

In 2019 the directors were banned from being involved in the running of companies for 14 years.[8]

Further reading

Notes and References

  1. https://entvita.de/ Family estate liquidation alliance
  2. Web site: Brazil denies links with property firm EcoHouse . 2014-11-06 . dead . https://web.archive.org/web/20141106201752/http://www.channelnewsasia.com/news/singapore/brazil-denies-links-with/1313584.html . 2014-11-06 .
  3. Web site: Brazilian Embassy casts doubt on authenticity of EcoHouse letters . 2014-11-06 . dead . https://web.archive.org/web/20141106201757/http://www.channelnewsasia.com/news/business/singapore/brazilian-embassy-casts/1321136.html . 2014-11-06 .
  4. Web site: Brazilian Ambassador calls on EcoHouse to prove links . 2014-11-06 . dead . https://web.archive.org/web/20141106201746/http://www.channelnewsasia.com/news/singapore/brazilian-ambassador/1319646.html . 2014-11-06 .
  5. Web site: Brazilian police probe British property developer EcoHouse . Joe Leahy and Thalita Carrico . November 23, 2014 . www.ft.com . January 28, 2015 . https://web.archive.org/web/20150128092611/http://www.ft.com/cms/s/0/8cbbc49c-7190-11e4-b178-00144feabdc0.html . live .
  6. News: Ecohouse Recycled. Private Eye. 12 Dec 2014. 36.
  7. Web site: EcoHouse Group founder Anthony Armstrong Emery making mark in Brazilian football with Alecrim . White . Jim . February 2, 2014 . telegraph.co.uk . January 22, 2019 . https://web.archive.org/web/20190122150454/https://www.telegraph.co.uk/sport/football/teams/brazil/10613056/EcoHouse-Group-founder-Anthony-Armstrong-Emery-making-mark-in-Brazilian-football-with-Alecrim.html . live .
  8. Web site: 14-year ban for Brazilian social housing investment boss. The Insolvency Service. 9 May 2019.
  9. Web site: EcoHouse plays catch-up, stops selling in Singapore. sg.news.yahoo.com. 9 January 2014 . 21 March 2019. 5 September 2014. https://web.archive.org/web/20140905111642/https://sg.news.yahoo.com/ecohouse-starts-play-catch-003047592--sector.html. live.
  10. Web site: EcoHouse frustrations start to surface. 2013-11-12. 2013-11-12. https://web.archive.org/web/20131112164456/http://www.propertyguru.com.sg/property-management-news/2013/11/36900/ecohouse-frustrations-start-to-surface. live.