143

Leaked documents show businessman went on a spending spree and left a council effectively bankrupt.

you are viewing a single comment's thread
view the rest of the comments
[-] Zippy@lemmy.world 1 points 1 year ago

What makes you think there was fraud? Lots of these solar farms are not viable and losing money. Counsil for swindled into thinking it was a sure thing and invested in it. Sounds to me more likely the people in Council were not very business savvy but instead invested based on feel good.

[-] InvertedParallax@lemm.ee 1 points 1 year ago

Dude is the one who represented them at the higher value for the bonds. That's the definition of fraud.

this post was submitted on 04 Aug 2023
143 points (99.3% liked)

World News

32311 readers
743 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS