Heritage FA Limited, which marketed and sold coloured diamonds and other commodities to the public for investment, has been ordered into liquidation following a petition presented by the Secretary of State for Business, Innovation and Skills.
The petition was issued following confidential enquiries carried out by Company Investigations, part of the Insolvency Service, under section 447 of the Companies Act 1985.
The investigation found that vulnerable and elderly individuals were being targeted and aggressively sold investments in fancy coloured diamonds, rough diamonds, gold, fine art and oil wells.
The investigation discovered that at least £7 million was raised from investo…
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