• Free Initial Assessment: No-Obligation Chat

Global Forestry Investments : No sign of Belem Sky returns

Global Forestry Investments Claims
  • 2 GFI directors disqualified for 10 years
  • No evidence of returns for investors
  • Directors paid themselves £13million

Investors in Global Forestry Investments – the Brazilian teak investment that took around £24 million for the “Belem Sky” and “Para Sky” plantations might like to know what’s happened to their returns.

While the money ended up often with Global Forestry Investments through pension investments in the Green Retirement Pension Plan, many people will be sad to hear that after investigation by the Insolvency Service, there is no evidence the “majority of investors in the Belem Sky project received any returns after the first year”.

Instead, it was revealed that two directors pocketed £13m between them into their own bank accounts, while investors got paid a total of £710,000 between them.

Directors Bowers and Skeene have now been banned from directorships for 10 years, and said that they paid the money into their accounts to help “ensure that running and operational costs of GFI could be paid whilst the company had no bank account”.

But further investigation showed that £8.8 million was used to pay creditors of a Dubai company under the control of Bowers & Skeene, which was wound up around 4 years ago in 2014.

Can investors claim?

Quite possibly! If you were persuaded to transfer your pension into the Green Retirement Fund and invest in GFI, then our case assessors want to head from you.

Call 01204 929929 to speak with a Spencer Churchill Claims Advice specialist for a FREE initial assessment – Just pop your details into the form below!


Alex Waters
11 April 2018
Share this post:
No Upfront Fees

Let’s Rewrite Your Financial Story

We are here to rewrite the book for you. 
And luckily we are pretty damn good at creating happy endings.

Money Hands

We are here to rewrite the book for you. And luckily we are pretty damn good at creating happy endings.


When you get let down by someone you thought you could trust, it can leave its mark on you, emotionally and physically.


We are committed to transparency and fairness in the way we conduct with clients, including how we charge for our claims services.

Speak to an expert today

We have decades of experience in helping people claim back money that is rightfully theirs. Whether you want to make a mis-sold pension claim, have questions about a mis-sold investment, or you’re just looking for some advice you can trust – we’ve got you covered. Reach out to our team today for a no-obligation, completely free chat. 

Call: 01204929929

Office Hours:

Monday: 8:00am–6:00pm
Tuesday: 8:00am–6.00pm
Wednesday: 8:00am–6:00pm
Thursday: 8.00am–6.00pm
Friday: Office Closed

This field is for validation purposes and should be left unchanged.