Charles Hendry, a former Tory minister, is one of London Oil & Gas’s directors TIMES PHOTOGRAPHER BEN GURRAdministrators of one of the collapsed companies at the centre of the London Capital & Finance scandal claim that they have been handed “completely inaccurate” accounts of the firm. London Oil & Gas fell into administration in March after the collapse in January of London Capital & Finance, which had raised more than £237 million by selling high-risk, unregulated mini-bonds to about 11,500 private investors. About £124 million was lent on to London Oil & Gas. It was one of several companies with links to London Capital & Finance that borrowed from the firm. Smith & Williamson, which is administrator to London Capital & Finance and London Oil & Gas, is trying to recover bondholders’ money.

Source: The Times May 31, 2019 23:04 UTC