Open Letter to Directors, Eden Land Planning Ltd
Gentlemen, There follows a clear description of financial and ethical misconduct in your handling of the Redruth-Eden investment project. My figures are accurate to within 1%. Your Investors Presentation document (which is contractual) inflated the acquisition costs by £661,750 . You falsely claimed total acquisition costs of £2,200,000 . The true figure was £1,538,250 . On completion of purchase, ELS Legal transferred £661,750 from their Client Account into Eden Land Planning's Account. You did not seek the investors' permission for this transfer. In fact, you have concealed it for more than five years, just as you concealed the true purchase price of £1,475,000 . You have even filed falsified accounts year-on-year at Companies House, tailored to conceal the transfer of £661,750 from Redruth Eden Ltd to Eden Land Planning Ltd. When I asked you to account for the £661,750 , you claimed, without evidence, to have spent it in project operations. Even if your claim were true,