Troubled forestry firm GWD branded a ‘scam’ as part of High Court liquidation hearing

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GWD Forestry Limited, which raised money for plantations in Brazil and Canada, is facing a petition to be wound up by a creditor who alleges the company was a fraudulent endeavour

A Dublin-registered forestry company that raised around €30 million from investors has been dubbed a “scam” which perpetrated “clear fraud”, the High Court has heard.Franco Bertellino, a creditor from Rivoli in Italy who says he is supported by 19 other investors, wants to .

 

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