Do They Know Where The Money’s Coming From? Do They Care?

On 03/02/202503/02/2025 By JacIn Business and Commerce, Climate, Colonisation of Wales, Corruption, Environmentalism, Globalism, Greens, Wind Turbines, World Economic Forum13 Comments

This ‘quickie’ is in response to a news item about 200m tall wind turbines planned for Mynydd Fforch-dwm, near the village of Tonmawr, east of Neath. Permission has been granted by the so-called ‘Welsh Government’ on the grounds that it’s a Development of National Significance.

The bulk of this post will be taken up with a look into the labyrinthine ownership of the company said to be behind this project, and others, before concluding with more general thoughts on ‘renewables’ in Wales.

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THE PROJECT

First, let’s give you an idea of the where we’re at. As I’ve said, it’s to the east of Neath, and in the map below I’ve circled Mynydd Fforch-dwm in red.

The additional run-off of rainwater generated by the huge concrete turbine foundations, the cable trenches, the access roads and all the other work, will run into Nant Pelenna, which joins the Afan near Pontrhydyfen, and then flows on down to Port Talbot.

It’s an area already cursed by many turbines, with even more planned. Such as the proposal to erect even taller turbines just a few miles away at Y Bryn.

Though it’s not just the six huge wind turbines that are being promised, for this ‘energy park’ will bring even more goodies:

As well as the six large turbines . . . the site could also contain up to 10 hectares of solar photovoltaic panels mounted on frames fixed to the ground along with associated infrastructure such as battery storage facilities, electricity transformers, and access works.

The company named in the article as being behind the project is Naturalis Energy. Here’s their elementary website. Naturalis describes itself as a joint venture between Renantis and REG Windpower Ltd.

Companies House shows a Naturalis Energy Ltd based in Telford, Shropshire. But I’m taking a punt on the company we’re looking for being Naturalis Energy Developments Ltd, formed 23 September, 2019, as the timing fits with the website dated 2020.

Also, because control is exercised by Renantis UK Ltd. Running Renantis are two Americans and a Brit. This is one of the Americans, and this is the other. And here’s the Brit, Michael Nagle.

The same trio controls Vector Renewables UK Ltd at the same London address as Naturalis Energy Developments. Vector is owned by an outfit in the Caymans.

These three may control other companies, but they can’t be traced in a Companies House search because they aren’t listed as directors, only as ‘Persons with significant control’.

From what I can see, the expertise in ‘renewables’ for Mynydd Fforch-dwm will be supplied by REG, with the money coming from Naturalis-Renantis. So I’m going to concentrate on the second element, the funding.

But before leaving REG . . . It was a tortuous trail but I eventually established that it’s all owned by Andrew Nicholas Whalley. Who’s been involved with many companies. Quite a few with Welsh names.

Back to Renantis UK Ltd, and the latest accounts filed with Companies House (to Dec 31, 2023) which tell us who owns this company. And whaddya know! – we’re back to the Cayman Islands, and the wording is the same as we just read for Vector.

Now it gets a little complicated, so let’s hope I can explain it.

The panels above tell us Renantis UK is a subsidiary of ‘Renantis S.p.A’, registered in Milan, and elsewhere we learn that until November 2022 Renantis was known as Falck Renewables, following an acquisition in February that year by ‘institutional investors, of which J.P. Morgan Investment Management Inc. is adviser‘.

Which started to make sense, and ring bells. For Falck’s been mentioned on this blog before. Back in February 2022 in ‘Bute Energy Selling Wales For Danegeld?

To explain . . . Learning of the link-up between Scottish company Parabola Bute Energy (planning some 20 ‘renewables’ projects in Wales) and Copenhagen Infrastructure Partners, I went to the CIP website looking for a reference to Parabola Bute.

I couldn’t find one, but I told readers back then what I did find.

‘Copenhagen Infrastructure 1 has invested GBP ~155m of equity for a 49% stake in Falck Renewables S.p.A.’s (Falck) operational onshore wind portfolio in Scotland and Wales.’

That was written in February 2022, the month Falck was taken over by the ‘investors’ advised by JP Morgan Chase. Whose CEO, Jamie Dimon, wants to compulsorily purchase land and property – to accommodate the wind turbines and the solar panels needed to save the planet!

Wind farms and solar arrays that – by pure chance! – will be owned by companies, hedge funds, corporations, and other entities run by men like Jamie Dimon.

If this dangerous nonsense had come from the studded tongue of a green-haired newt-botherer, or even a TV envirogrifter, I might laugh it off. But as the headline reminds us, Dimon is a ‘Wall Street titan’.

When I first read that I thought it was the most frightening – yet revealing – example of the Globalist corporate mentality I had ever read. And I still think that.

Maybe I should explain at this point that Copenhagen Infrastructure Partners acts as an intermediary, finding environmentally acceptable investments for investors.

CIP manages 12 funds and has to date raised approximately EUR 30 billion for investments in energy and associated infrastructure from more than 180 international institutional investors.

Getting back to Falck . . . I’d come across the company even before the CIP connection. For Falck owns (owned?) 20-year-old, 39-turbine Cefn Croes Wind Farm, above the A44. In its day, said to be the biggest (by output) in the UK.

Let’s go back to the complicated ownership details on the Renantis UK accounts. Where we read: ‘The ultimate parent company and controlling party at 31 December 2023 is IIF Int’l Holding LP, a company Incorporated in Cayman Islands‘.

A bit more searching told me that ‘IIF’ stands for International Investment Fund, which makes sense. An entity that was handling $24 billion two years ago. But it seems not everybody’s happy.

This article from US consumer advocacy organisation Public Citizen wants US regulators to look more closely at Jamie Dimon’s outfit’s dealings. While this piece from the European Commission outlines the takeover of a big German energy supplier by ‘a wholly owned subsidiary of IIF Int’l Holding L.P.’

The world of corporate finance, eh!

The key to knowing who’s behind the Mynydd Fforch-dwm project seems to lie in Milan. Where, in February 2022, local company Falck was taken over by ‘investors’ advised by JP Morgan Chase, using the Renantis-Naturalis label, and further obscuring their activities by operating from the Cayman Islands. It was reported at the same time that Copenhagen Infrastructure Partners had taken out a 49% shareholding in Falck’s Welsh and Scottish onshore operations.

But these entities only invest other people’s money, we still don’t know where the money for Mynydd Fforch-dwm originates. Do those clowns in Corruption Bay even care?

UPDATE: Soon after putting this piece out I was contacted by a good source with further information. In the summer of 2023 Renantis linked up with Ventient Energy, and then last year, this resulted in a new company, Nadara.

Under various guises the new entity already has 10 sites in Wales.

Nadara is registered in Scotland using an Edinburgh address. It brands itself as a Scottish company, even claiming its name is derived from Scottish Gaelic, though it’s owned by an outfit registered in the EU tax haven of Luxembourg in November 2023.

A name associated with LuxBlue Holdco SARL is that of Paul Farmer. He’s also involved with IIF Int’l Holding, of the Caymans, which we encountered earlier. His Linkedin profile says he’s some kind of freelance.

The Blue element in the name may come from another link-up involving Renantis. This one with Blue Float Energy. They are doing deals in Scotland with the Crown Estate, which is of course devolved up there.

This may account for the clamour from politicians in Wales for the Crown Estate to be devolved here too, if only to show we’re getting some benefit from ‘renewables’.

I have no doubt that, once again, the trail leads back to the Cayman Islands. And so the question remains – where’s the money coming from?

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FINAL THOUGHTS (SOME RATHER PERTURBING)

When I began looking into Mynydd Fforch-dwm Energy Park I thought, from the name ‘Naturalis’, that I’d be seeing previously unknown companies, and fresh faces.

Boy! was I wrong.

Not only have we re-acquainted ourselves with loveable Jamie Dimon of JP Morgan Chase, through part of his empire operating out of a British Overseas Territory, but via the Italian connection we also bump into Copenhagen Infrastructure Partners again.

A good time to remember that a 25% stake in CIP is held by Danish turbine producer Vestas. Among Vestas directors and shareholders is former Danish PM (sometime MEP) Helle Thorning-Schmidt. Who’s married to Aberafan MP Stephen Kinnock.

(Thorning-Schmidt is also a director of the Islamic Development Bank and the Schwab Foundation for Social Entrepreneurship.)

Helle Thorning-Schmidt. Click to open enlarged in separate tab

By a remarkable coincidence, the planet-saving extravaganza planned for Mynydd Fforch-dwm is either in, or on the border of, the Aberafan constituency.

But even without that propinquity we can guarantee moolah from Mynydd Fforch-dwm making its way to Helle. (But will she share it with hubby?)

And of course that also applies to CIP’s involvement with Parabola Bute Energy.

As stated at the top, this project is justified by the ‘Welsh Government’ on the grounds that it’s a Development of National Significance. For which nation? We already produce more than enough electricity to meet Wales’s needs, so this project must be of national significance for England.

So where are the benefits to Wales?

We scar our hills, increase the risk of flooding, with foreign-built turbines and pylons owned by companies and ‘investors’ from God knows where that regularly catch fire or get blown over. They’re erected by crews brought in for the job, after which the only work is changing the oil, firing up the diesel generator to pretend the bloody things work, and collecting the dead birds and bats.

In real world terms wind turbines just mean higher electricity bills for everybody and falling property values for homes within sight and sound of the damn things.

There are no benefits to Wales whatsoever, apart from the pitiful ‘community funds’ . . . the green energy equivalent of beads and infected blankets.

As I wrote this, and saw so many links emerge, I wondered if it’s an attempt to forge a ‘renewables’ monopoly in Wales. For Jamie Dimon would get red carpet treatment if he visited Cardiff, as most Senedd Members would gleefully implement his demand to compulsorily purchase farmland for yet more turbines.

Thankfully, ‘over there’, Donald Trump sees through the plot to deindustrialise and impoverish the West. Which will make it increasingly difficult for European leaders to continue down the self-destructive path of Net Zero.

One day we’ll look back on the climate scam and wonder why otherwise sensible people fell for it all. Until then, we just have to keep fighting.

With truth on our side.

♦ end ♦

Buy me a coffee

More From Ireland Moor

On 28/10/202429/10/2024 By JacIn Business and Commerce, Climate, Colonialism, Environmentalism, Farming, Globalism, Greens, Wind Turbines46 Comments

The piece I put out on the 10th was quite well received, it certainly encouraged some fresh information. Which tends to put what’s happening on Ireland Moor into a wider context, and factor in fresh considerations.

At 2,600 words this is a wee bit longer than recent offerings, and maybe a bit ‘denser’, but still worth sticking with.

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OWNERSHIP

In the previous piece I told of Scottish aristos the Duff Gordons, who inherited the Lewis estate at Harpton Court.

Ireland Moor is an upland grazing area to the east of Builth, around and perhaps above the pin in the map below. Bordered to the north by the A481 and the A44.

Let’s start in 1993, when Sir Andrew Cosmo Lewis Duff Gordon (scroll down) sold some land. Here’s a Land Registry document for title no CYM427489. There may be other titles involved. If so, they’ll likely be: WA484809, WA404806, and WA667700.

There were four buyers named in the 1993 transaction. Also, three “beneficial tenants“. More information on these can be found by clicking here.

Now we go to July 2008, and a piece from Country Life informing us regular readers that Ireland Moor was for sale. A Land Registry title document from November of that year for CYM427489 probably tells us who bought the land. (We can now assume the other titles just mentioned are involved.)

Two of the names mentioned in this sale we saw among the 1993 buyers: Edward John Francis Dashwood and Peter John Horsburgh. So in case you didn’t follow the earlier link . . .

Dashwood is descended from Hellfire Club Dashwood, who was a bit of a lad.

Dashwood was a notorious rake and prankster who had once impersonated King Charles XII of Sweden at the Russian court when Charles was Russia’s great enemy. He had also tried to seduce the Russian Tsarina Anne, and he had been banned from the Papal States, all while still in his late teens and early 20s.

On the surface, Horsburgh is a devout environmentalist and trustee of the Wye and Usk Foundation. But he’s also a director of companies under the ETF umbrella, companies that profit hugely from – net zero.

Which makes perfect sense.

Organisations set up to ‘protect’ our rivers – especially in Wales – blame farmers for any and all pollution in those rivers. Environmentalists see farting cows as an obstacle to the target of net zero. Which pressurises politicians to work against livestock farming.

Environmentalism is not really about Greta Thunberg and brainwashed kids throwing paint over old masters. That’s all a distraction. ‘Environmentalism’ is major corporations seeking investments. And near the top of their ‘Dear Santa‘ list is land to be exploited for ‘carbon capture’ greenwashing and ‘natural capital’.

This Land Registry document from June 5, 2009, confirms the November 2008 sale, but without naming the buyers. Though it does tell us the four titles were involved, reveals the sale price of £900,000, gives Ireland Moor Ltd as the owner, with a Jersey company number (103322), and an address in Bristol.

Does this suggest the November 2008 buyers are now the Jersey company?

Possibly, and the third buyer might provide the clue.

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CONNECTIONS APPEAR

For this is James Warren Kent, one of the ‘beneficial tenants’ in the 1993 deal. Naturally, I got to wondering who Mr Kent is, and what he gets up to.

I found he’s the sole director of Q Branch Investments Ltd. A company in the business of “letting and operating of own or leased real estate“. Though the company is owned by Benjamin Mark Peter Whitfield. Possibly living in Switzerland.

Looking more closely at Q Branch Investments I saw three outstanding charges.

One of them with the Conon Group, up in Auld Reekie, a city we visit regularly on this blog. I would guess the two directors of this financially healthy undertaking are the elderly parents of Benjamin Whitfield.

The other two charges are held by Roger Charles Adams. And this is where it gets rather interesting. For Adams is a director of RSK Environment Ltd, operating out of an address south of the river in Glasgow. Part of the RSK Group.

A bell rang when I saw ‘RSK’, “a global leader in the delivery of sustainable solutions“.

Let’s go back to this piece I put out a week before Christmas last, and scroll down to the section ‘Globalist Land Grab?’ about the ‘Welsh Government’s Sustainable Farming Scheme. Where you can read:

Tracing the ownership of RSK ADAS eventually gets us to Los Angeles and “global alternative investment manager” the Ares Management Corporation. You may not be surprised to learn that among the largest of Ares’ shareholders we find both BlackRock and Vanguard.

Someone who got a mention was Canadian Dr Liz Lewis-Reddy. She’s worked for RSK for 7 years, and before that spent 11 years at Montgomeryshire Wildlife Trust.

Dr Lewis-Reddy was a co-author of the ‘Welsh Government’s Potential economic effects of the Sustainable Farming Scheme.

Her career seems to be another example of getting farmers off the land so that ‘alternative investment’ corporations can make fortunes from saving the planet.

So let’s recap. James Warren Kent, who is or was one of the owners of Ireland Moor, gets loans for his company from Roger Charles Adams, a man who works for a company that does contracts for both the ‘Welsh Government’ and Bute Energy. (Yes, Bute Energy.)

What’s the likelihood of that happening by chance?

But now it gets a little more complicated.

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Laundering Offshore Money The Green Way

On 01/10/202401/10/2024 By JacIn Business and Commerce, Environmentalism, Globalism, Labour Party34 Comments

This is a theme I’ve dealt with before, the links between corporate funders, politicians, and environmental groups; but this time it comes from a slightly different angle.

Though the message stays the same:

‘Man is destroying the planet, and the only way to save us from the “sixth global mass extinction event” is to end livestock farming and let corporations buy the land for trees, windfarms, and other forms of greenwashing; with the environmentalists who’ve campaigned to bring us to this point given land for ‘rewilding’ and other purposes.’

The losers will of course be 95% of us, certainly in the West. Our energy will be more expensive, as will our food, which will increasingly be made up of factory-produced ‘meat’, and insects. Our movements will be restricted and the private car will be viewed as a selfish and unnecessary luxury from which we must be alienated.

You’ll own nothing, you’ll live in 15-minute neighbourhoods, and you’ll be blissfully unaware of your enslavement (thanks to whatever’s been added to your food).

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QUADRATURE CAPITAL

This story starts with the revelation by Open Democracy (Sept 18) that the Labour party received £4m from Quadrature Capital, a somewhat questionable outfit to be found in that bastion of financial probity, the Cayman Islands. Here’s the company website.

The timing is interesting, because in April 2023 the Quadrature Capital shares held by founding directors, Greg Howard Skinner and Suneil Setiya, were transferred to QC Ventures Ltd. Though it took them almost a year to notify Companies House.

It’s often reasonable in such circumstances to assume the change actually took place at the time of notification, and was ‘backdated’. Which could mean that at the time the donation was made to the Labour party Quadrature Capital was still a UK-registered company.

Which might be significant because Open Democracy tells us . . .

Electoral Commission records suggest Labour received the donation in the one-week window between former prime minister Rishi Sunak announcing the general election and the start of the ‘pre-poll reporting period’ in which all political donations over £11,180 had to be published weekly . . . .

The Cayman Islands is of course a British Overseas Territory, one of many offering ‘financial services’ with no questions asked. In fact, these repositories and conduits for dirty money play a vital role in maintaining the pre-eminence of the City of London.

The excellent video below (1:17:52) explains the situation very well. More especially, how and why this system came about. I urge you to watch it.

As I’ve said, the hedge fund that gave Labour £4,000,000 is Quadrature Capital.

But we’tre going to focus on Quadrature Climate Foundation. A semi-detached company registered with Companies House, that’s also a charity, with its own declared annual income of £130m.

The four directors / trustees are, the parent company Quadrature founders, Suneil Setiya and Greg Skinner; then Neil Paul Cosgrove, with a recent recruit being Jennifer Hooke. (Though Ms Hooke had previously been a director.)

The reason I’m telling you this is because a number of Welsh links have emerged. Far too many in my view.

And even though the story of Labour donations is new, the news of Quadrature splashing the cash to environmental groups was first reported in the Guardian in June last year.

Though what seemed to vex the Grauniad was that . . .

Quadrature Capital has stakes worth more than $170m (£135m) in fossil fuel companies

Which is a fraction of Quadrature’s total assets and a lot less than the millions given to pressure groups so they could subvert democracy by influencing governments’ policies behind the voters’ backs.

This generosity was . . .

. . . worth about £175m in 2021 and 2022. They included £4m to the European Climate Foundation . . . £2.7m to the Carbon Tracker Initiative; and more than £3m to the WWF.

The amount given to the European Climate Foundation has increased considerably, as I’ll explain in a minute. Which is why we’ll soon turn to the ECF.

But before that, and to give you some idea of the links between tax haven money, the Labour party, and envirogrifter pressure groups, here are some tweets from journalist Michael Crick (@MichaelLCrick) last week.

This refers to Rachel Kyte, Starmer’s climate envoy . . . and also of Quadrature. Here’s Daniel Luhde-Thompson, and here’s who I take to be his wife. She became a director of Friends of the Earth in March.

Though a woman I think is Naomi’s mother, Ursel Luhde, was a FoE director from January 2007 until October 2009. Also a director of Friends of the Earth Charitable Trust in the same period.

I know this is heavy going, so here’s some light relief . . . another journalist, Robert Peston (@Peston), put out this post on X after learning that Quadrature claimed to be paying Corporation Tax!

All in all, there’s something not right about Quadrature.

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EUROPEAN CLIMATE FOUNDATION (ECF)

Let’s start with the website of this outfit that by my calculations has had $46,127,158 from Quadrature Climate Foundation. Here’s a link to the ‘active grants’ page on the website. And here’s a link to its most recent annual report.

At the top of the ECF website homepage you read pious drivel that includes . . .

Our vision is a greener, more peaceful and democratic Europe made possible by climate action.

This seems to suggest that democracy and peace depend on Europe following the green path. And, by implication, if we deviate from that path of self-righteousness then we imperil democracy and risk war.

But that’s absolute bollocks. Net zero means more people being colder, more people being hungrier, more people being miserable, because they can no longer afford the essentials and the harmless luxuries their parents took for granted.

For the first time in generations living standards in the West are declining. This has nothing to do with a ‘climate crisis’, and everything to do with measures being pursued in response to this mirage, that in reality serve another purpose.

When we consider conflict, then man is no different to other animals. He is less likely to be aggressive when he’s content, when life is good. But net zero means shortages; and competition for scarce resources or produce always leads to conflict.

Well-fed lions loll about in the shade. Hungry lions look for something to kill.

Lower down the ECF homepage we find another gem. Click on ‘read more’ under ‘2023 annual report’, and you’ll see . . .

2023 not only tested our resilience but also underscored the critical importance of our mission, amid heightened political polarisation, a worrying resurgence of populism, and profound geopolitical upheaval.

“A worrying resurgence of populism“. Well it don’t worry this ol’ boy none.

To the ECF ‘populism’ means the long overdue awakening we see across Europe, wrongly limited by a dishonest media to ‘far right’ protests against immigration.

But the planet-savers know ‘populism’ also means people asking why net zero means the de-industrialisation of the West, making life more difficult, and more expensive.

Put it all together and the ECF is the authentic voice of the Globalist-Woke-Green-Left. Dangerously unhinged oligarchs and corporate leaders demanding censorship, and encouraging ‘women with penises’ to push the climate scam on the days when they and the comrades are not demanding open borders and supporting Muslim terrorists.

Yup, the full package (and that is not a reference to ‘transgender women’).

One of the groups funded by the ECF is the Green Finance Institute Ltd. (Formerly Green Finance Initiative Ltd.) Where the CEO is Rhian-Mari Thomas OBE, who is of course Welsh, and you’ll be reading more about her in the next section.

The Green Finance Institute has also donated to Labour.

What I found interesting about Dr Thomas is that her background is in banking, not matters environmental. Dare I suggest that she may be less concerned with saving us from our selfish selves than with using the climate scam to make mountains of moolah for those with whom she normally mixes?

(Slaps self on wrist for ungenerous thought!)

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GREEN FINANCE INSTITUTE & THE WELSH CONNECTIONS

What more can I tell you about Rhian-Mari Thomas, of the Green Finance Institute?

Well, for a start, she’s been accepted at Davos. And she’s a trustee at the World Wildlife Fund.

And this intriguing article from my favourite fish-wrap seems to confirm the suspicions I just aired about who Rhian-Mari represents. Unless of course her friends are offering to save the planet out of the goodness of their corporate hearts.

The chief executive of the Green Finance Institute (GFI) . . . had grown increasingly concerned about Labour’s £28bn green investment pledge.

The party should not have even considered using that much taxpayer cash, Thomas argued. Instead, it should engage with private investors who were already keen to pour money into big green projects.

The Green Finance Institute has received $3,830,267 from Quadrature Climate Foundation. I can’t find if it’s also been funded by the European Climate Foundation.

Ms Thomas is also an advisor to Aviva, which greenwashes investors’ money through wildlife trusts and other shrieker collectives. Seeing as I regularly mention wildlife trusts on this blog I found this interesting.

Another link between ‘ethical'(!) investments and wildlife trusts is Greenpeace veteran, Jocelyn Joseph Talbot Garman, of Bristol, executive director at the ECF. For since January ‘Joss’ has been a trustee of that old favourite, Radnorshire Wildlife Trust.

UPDATE: Through his paternal grandmother Jocelyn belongs to the Dorset branch of the Anglo-Norman (long resident in Ireland) Talbot de Malahide family. His father, David Edmund Talbot Garman, moved to Radnorshire around 1972, and was for many years vice-chair of Radnorshire Wildlife Trust.

A name we encountered earlier was that of Daniel Luhde-Thomson, who’s said to have given Labour £500,000 this year. The woman I believe to be his wife, Naomi Luhde-Thomson, was appointed early in 2022 to the Eryri National Park Authority by the so-called ‘Welsh Government’.

Another name we ran into was that of Neil Paul Cosgrove. One of the four trustees of the Quadrature Climate Foundation. I did a search, and what I turned up was rather odd, and I’m not sure what to make of it. But it’s yet another Welsh connection with offshore entities.

My search took me to the North Data site, which I find useful as it suggests various links and connections. This is what I found.

The links to the left we know about, they’re Quadrature, but what of the others?

Greendoor Investments Ltd is based in Bermuda. And it links with Beaubridge Energist LLP, which uses an address in Hampshire but is registered with Companies House as an overseas company (OC371398). Chaffer, Rigby and Clevely are among the partners in this LLP, as is Cosgrove himself.

But it doesn’t end there. For there are other companies under the ‘Energist’ flag. One being, Energist (Holdings) Ltd, using a Swansea address. Where we find Beaubridge Energist LLP shown as the majority shareholder.

Listed among other Beaubridge companies on the Companies House website we find Beaubridge Swansea LLP. Though it’s difficult to see why it carries that name. For this is a company using the same Hampshire address and is also registered with Companies House as an overseas company (OC432171).

There are two other companies at the Swansea address. Neogen Plasma Ltd, in the business of “manufacture of medical and dental instruments and supplies“. This is owned by Belmont Investments Ltd, and Belmont is owned by Energist Holdings Ltd.

I’m concerned that companies in my home town, involved in ostensibly harmless activities, have links with offshore companies pumping money into the Labour party, while also looking for greenwashing opportunities, and funding envirogrifters to buy up Welsh land.

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CONCLUSION

Another clue to the big picture comes from a Wales Environment Link (WEL) document, ‘Pathways to 2030: 10 key areas for investment in nature’s recovery across Wales’. (WEL is based in the Tramshed, you’ll be surprised to learn!)

On the first page (para 5), we read:

A recent study for the Green Finance Institute estimated that there is a gap of between £5 billion and £7 billion between the resources currently dedicated to nature recovery actions in Wales and those needed to meet priority outcomes for nature.

Here we have Rhian-Mari Thomas’s Green Finance Institute arguing that we need £5bn to £7bn to save Wales from becoming a desert.

But the ‘Welsh Government’ can’t spare that kind of money. So where might it come from? Rhian-Mari has already told us, in her reported conversation with Rachel Reeves, Chancellor of the Exchequer.

Thomas argued . . . engage with private investors who were already keen to pour money into big green projects

I’m sure she’s given the same message to the ‘Welsh Government’.

Because there’s a lot of money in offshore tax havens. Not always dirty money from drugs and other criminal activities, but still, money that cannot be honestly accounted for. How best to use it?

One answer is cashing in on environmental hysteria. Because by their very nature, envirogrifters are ideal for those seeking to, er, ‘relocate’ money currently sunning itself in tax havens. Unscrupulous people who will egg on the planet savers to make ever more apocalyptic claims.

Because it’s in the interests of both corporate investors and envirogrifters. The greater the hysteria, and the more readily the politicians fall for it, then the larger the sums of money it’ll be argued are needed to put things right. Money that governments either don’t have or can’t spare.

So let me finish by suggesting that . . .

Nobody should be allowed to accept funding that originates offshore, even if it’s been ‘filtered’ through organisations like the Quadrature Climate Foundation, the European Climate Foundation, and the Green Finance Institute.

Tax haven money is too often dirty money. That’s why it’s in a tax haven. And why it’s always looking for opportunities to be laundered.

♦ end ♦

Buy me a coffee

The Development Bank Of Wales

On 18/09/202424/09/2024 By JacIn Business and Commerce, Climate, Colonialism, Corruption Bay, Development Bank of Wales, Globalism, Public Funding, Tourism29 Comments

The Development Bank of Wales (DBW) has been in the news a lot recently, and it’s usually bad news. About loans for individuals or companies of questionable probity and / or dubious commercial viability.

The case that’s gained most publicity was the £400,000 loan made to the generous, landfill-owning mate of our mercifully short-lived first minister Vaughan Gething.

The (R) you’ll see next to some names will be explained at the end.

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BETWS-Y-COED

I should warn you that what might appear to be a simple tale of the DBW making a loan to some guy opening a hostel in Betws-y-Coed gets rather complicated. But interesting, so it’s worth paying attention.

For those unfamiliar with this large village in the Conwy valley, maybe it’ll help if I tell you the wife and I avoid it between Easter and October. It’s a tourist trap; nice for all that, but best enjoyed when it’s not choked with coachloads of wrinklies from Warrington and Wolverhampton.

The piece you’re about to read took off when a comment to last week’s posting drew my attention to this item in the Daily Post. Intrigued, I naturally got to wondering about the man named, Rowern Wong (R), so I made enquiries.

It turns out that Mr Wong has a number of property companies, and many associates. Put together it paints an interesting picture. And opens up quite a few possibilities.

Before delving into who’s who and what’s what, I can tell you that whoever now owns Bryn Llewelyn, the change of ownership has not yet been notified to the Land Registry. So there’s little point in me showing you the title document I downloaded.

Though this Google image from May this year suggests the builders are at work.

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CONNECTIONS

Mr Wong’s company is named as Base Camp Snowdonia. Here’s the website. And here’s the Companies House entry.

You’ll see that the company in Wales was formed in December last year, and has since been joined, in July, by Base Camp Hathersage Ltd. Hathersage being a village in the Peak District. Both are controlled by Base Camp Hostels Ltd, formed in April last year.

So who’s behind the parent company?

If we turn to the ‘Persons in significant control’ tab it tells us that Wong was running things until the first of January, but now there’s no one listed as PSC. This probably links with the arrival of Mr Alexander Gibbs as a director on New Year’s Day.

And who is Alexander Gibbs?

Well, if it’s this guy (R), then he’s the Principal of Terra Firma Capital Partners. Here’s the Companies House entry. And if we click on the ‘significant control’ tab, we learn that the company is owned by Mr Guy Hands, who lives in sea-girt Guernsey.

UPDATE: Alexander Gibbs left Base Camp Hostels Ltd on September 19, the day after this blog piece appeared.

Someone who became a Terra Firma director in May was Ajay Kumar Bahl, a chartered accountant. Looking at Bahl’s other directorships, among them is Pant y Maen Wind Ltd, which he joined in July.

This company is said to be owned by Brenig Wind Holdings Ltd. Which I can’t find. I can only find Brenig Wind Holdings II Ltd, based in Guernsey. So can we guess who’s behind this?

The only other director of Pant-y-Maen Wind is Oliver Gordon Hughes, who is a very busy boy indeed. With a number of Welsh names among the ‘renewables’ companies he’s been involved with.

The most recent among them is the International Sustainable Forestry Coalition, which Hughes joined in April. This looks like greenwashing. Finding land on which to plant trees and harvest whatever grants are going. Only formed last December.

‘Social justice’! ‘Circular bioeconomy transitions’! Did youse ever read such simpering bollocks! The company is owned by Australian Ross Hampton. The other directors are Aussies, Americans, Japanese, a few Scandinavians, a Brazilian and an Englishman.

Under the ‘About’ tab, we learn . . .

The ISFC is a Company limited by guarantee (not for profit) registered in the United Kingdom. Each member company has the right to nominate one individual to become a Director of the ISFC.

So each director of this cuddly, not-for-profit front is there representing a major corporation looking to plant trees in order to ~~save the planet~~ make lots of easy money out of the ‘carbon is evil’ nonsense.

Before pushing on, let’s recap. This story started with someone opening a hostel for hikers in Betws-y-Coed, and landing a £500,000 DBW grant.

But the parent company, Base Camp Hostels Ltd, links with a big-shot financier in the Channel Islands, and various green scams, quite a few of which seem to be in Wales, including Pant-y-Maen wind farm south west of Denbigh.

I’ll end this section by mentioning two other companies run by Rowern Wong.

The first, Mount Fitzroy Partners Ltd, was launched in October 2016 and dissolved two years later without apparently doing anything.

July 2023 saw the birth of Walbrook Ventures Ltd (originally The Marylebone Trading Co Ltd). Now six weeks late with the first confirmation statement.

◊

On the same day in April Base Camp Hostels moved its address from Wong’s pad to the second floor at 168 Shoreditch High Street an intriguing share distribution was registered with Companies House.

These are divided into Founder shares and Ordinary shares. Wong has 100,000 of the former, Gibbs 75,000.

The Ordinary shares introduce a number of interesting players. I’ll take them in the order they appear on the Companies House document. Leaving aside Wong and Gibbs, the first name we come to is:

BERNIE BOYLAN, and I think this is our boy.

BARTOSZ JASKULA (R), may be this guy. But Companies House says he’s no longer with Mergerlinks Ltd. He goes climbing with Wong.

CALLUM LAITHWAITE must be this guy.

TERANCE LI. Is it this guy?

ALEXANDER MAXWELL-SCOTT. I’m fairly sure this is him.

B72 VENTURES UG. As the name suggests, is German, based in Mannheim.

LIDEN HOLDINGS LTD, is registered in Gibraltar.

NANKILLY INVESTMENTS LTD. Is registered with Companies House.

You must admit, that is a very eclectic collection of investors in what is after all just a small company running one, possibly two, hostels. And they’re all money men.

◊

THE MANCHESTER CONNECTION

Let’s move over now to the land of the Mancs, for Mr Wong has been busy there buying up property. Done through his company Kaltain Ventures Ltd. The other director, with an equal number of shares, is Babaola Alabi Omiyale (R).

Omiyale is also a director of Bisley Solar Ltd. I found, by a tortuous route, that this company is owned by Impax Asset Management. Which ‘pioneers’ . . .

. . . investment in the transition to a more sustainable global economy and today is one of the largest investment managers dedicated to this area.

Kaltain Ventures Ltd has bought six properties in Manchester with loans or mortgages from the Paragon Bank PLC (5) and The Mortgage Works (UK) PLC (1). Other properties might have been bought without loans, or with loans that do not need to be declared to Companies House.

But clearly, Rowern Wong and his mate Omiyale, are into the buy to rent sector. Which would appear to be something of a departure for Omiyale.

Because from his Linkedin entry it seems he’s representing planet-saving Impax at Bisley Solar. Which makes sense. But how do we explain his involvement with Wong in Manchester? Is he freelancing, making some pocket-money?

UPDATE: Interestingly, Omiyale was witness to the signatures on both DBW loans. Isn’t a witness supposed to be impartial, unconnected with either party? Admittedly, Omiyale seems not to be involved in the hostel companies, but he is certainly a business partner of Wong.

◊

FURTHER QUESTIONS

The Development Bank of Wales loan was delivered January 15, a month after Base Camp Snowdonia Ltd was launched. Which was remarkably quick, especially as Christmas and New Year intervened.

It’s reasonable therefore to assume the DBW was dealing originally with Base Camp Hostels Ltd (launched April 2023), and perhaps advised that English company to set up a Welsh entity to avoid exciting the likes of me.

Though if we look closely at the DBW deal we see that it’s actually two transactions. There’s a mortgage for Bryn Llewelyn, and then . . .

All other freehold and leasehold property now or in the future belonging to the company together with all buildings, trade and other fixtures

July saw the launch of Base Camp Hathersage Ltd. Presumably after buying a property in the village of that name. Was it bought with DBW money? Because no charge is shown against the company.

If that is the case, then not only did DBW give an English company money to buy property in Wales, it might even have funded the purchase of property in England.

Then, and as I mentioned earlier, there’s the fact that although Bryn Llewelyn must have been bought earlier this year, the change of ownership has not yet been registered with the Land Registry.

And until the new title document is available we won’t know a) who actually owns the property, or b) if there’s another charge, for money received from some other source.

We’ve already considered the share issue at the parent company, Base Camp Hostels Ltd, in April. But what brought them all together? What’s the common denominator?

◊

CONCLUSION

It’s a long time since I’ve written a piece with so many unanswered questions, so many loose ends. But that’s how it’s worked out. Because, I suspect, there may be a lot more going on here than just a hostel in Eryri.

Now it’s time to explain the (R) you’ve seen after a few names. And I’ll do it by showing you Rowern Wong’s Linkedin profile.

For without checking all whose names have cropped up here I was still struck by how many of those mentioned had, like Wong, worked for Rothschild & Co. Of course, it could all be pure coincidence. But maybe not.

Returning to his Linkedin bio, we see that Wong’s day job seems to be Chief Operating Officer of an outfit called General Projects. I eventually found it on the Companies House website.

Their Linkedin profile says:

A creative-led real estate developer that builds innovative and inspiring buildings wholly designed for the new economy

What’s the “new economy“?

I also found the website. But there’s no mention of Wong. Has he left? Is he now a full-time hostelier? (Is there such a word?) Does he need to update his Linkedin bio?

On the General Projects website, under ‘Purpose’, I found this chilling statement, leaving us in no doubt about the kind of people we’re dealing with:

A commitment to be operationally Net-Zero Carbon across our whole portfolio by 2030 in addition to the supply of energy from 100% renewable sources

Which ties in with something else that struck me, almost a thread running through every involvement and angle I looked into, was corporations seeking profitable investments that could be dressed up as saving the planet.

Is there a link between Rothschild and the planet savers? If so, where might Rowern Wong fit in?

Look at it this way. If you were a company, even an individual, in the greenwashing business, and you were looking for ‘pliable’ politicians who’d already bought into the climate scam and would therefore guarantee you easy money, then Wales would be very attractive.

Maybe Rowern Wong is testing the water with his hostel in Betws-y-Coed; getting to know people in Corruption Bay, seeing how things are done. Just a theory.

But whether I’m right or wrong, given all the money men involved with Base Camp Hostels the Development Bank of Wales should not have dished out £500,000 of our money. Especially if some of it was used to buy a place in the Peak District.

Though it may be significant that the money men appeared after Rowern Wong’s ventures had been primed with DBW money.

That said, the apparent change in control of the parent company, Base Camp Hostels Ltd, may have taken place before the DBW loan.

Does the Development Bank of Wales know who it’s really dealing with?

∼

UPDATE: As you’ll have read, I was struck by the number of times Rothschild & Co cropped up while researching this piece. And so I’m indebted to a regular reader for drawing my attention to Kerdiff boy Kevin Gardiner. Whose day job is Global Investment Strategist at Rothschild & Co Wealth Management.

Which fits well with those we’ve looked at in this post: asset / wealth investment types looking for a profitable home for their money. And few bets are safer or more profitable today than saving the planet. With few administrations on Earth more completely suckered by the climate scam than the ‘Welsh Government’.

Kevin Gardiner has been an advisor to those clowns, and is now a member of the Cardiff Capital Region’s advisory board. From these and other links we can safely assume that Gardiner is very well connected in Corruption Bay.

The Betws-y-Coed hostel may be a red herring, or a sprat to catch a mackerel. The question now might be: Is Kevin Gardiner of Rothschild & Co Wealth Management using his Corruption Bay connections to introduce his clients to Wales, and the profits they can make?

Here’s a nice group photo from 2014; also in the frame is Lord Davies of Abbasock, owner of The Tramshed. If you’ve got the right connections in Corruption Bay then Wales is your oyster!

Fill yer boots!

♦ end ♦

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On 26/08/202406/09/2024 By JacIn Business and Commerce32 Comments

This piece results from news I received about a court case in Sussex. I started digging, and it got to be like peeling an onion. Perhaps not pleasant, but there you go, that’s life.

Obviously I won’t comment on the case itself, or the proceedings. What I’ll do is look at the fascinating connections the accused man has across southern Wales.

And wondering how to make sense of it all. Any and all suggestions welcome.

◊

WORKING BACKWARDS

The case I was directed to began at Lewes Crown Court in Sussex last Monday. A Syrian, living in Swansea, was charged with bringing people from Vietnam into the country illegally, through Newhaven.

Here’s how the incident was originally reported in February.

The man’s name is Anas al Mustafa, and in a previous report, his address was given as ‘Heather Crescent, Swansea’. This is on the Sketty Park estate, the road running from Sketty Park Drive up to the flats.

As you might guess, Swansea being my home town, I got to wondering about him.

My source had directed me to the Companies House website, and the company A & T Food Transport Ltd. Which made sense, seeing as the latest news report mentioned ‘a refrigerated van’.

There seem to be a number of addresses linked to this company, in Swansea and Cardiff; with Anas al Mustafa also taking us to Bedwas. So let’s see what it all tells us.

UPDATE: Anas al Mustafa was found guilty and will be sentenced on September 6.

UPDATE September 6: Anas al Mustafa was jailed for 10 years.

◊

A & T FOOD TRANSPORT LTD

The address given for the company is 22 Caepistyll Street, which links Carmarthen Road with Llangyfelach Street, running past St Joseph’s Cathedral primary school.

There have been three directors. The man on trial in Sussex. Who is described as British. He resigned 29.09.2023. A Swedish citizen named Mohammad Mustafa al Mustafa, who might be a kinsman. He joined the company 22.11.2023. And Ahmad Farhan Hudad, who filled in between one al Mustafa leaving and the other joining.

The property in Caepistyll Street used as the company address is owned by the Coastal Housing Group, which I believe is the biggest housing association in Swansea. Here’s the property title document.

It seems that Muhammad al Mustafa from Sweden now lives in Caepistyll St. Is he the registered tenant? What do the Coastal Housing rules say about running a business from its properties?

And come to that, how does a citizen of a wealthy country like Sweden qualify for social housing in Wales?

And although the accused’s address is given in the media as being in Sketty Park, on the Companies House entry both he and Hudad give their address as 52 Ceri Road, Townhill. Which, as the title document confirms, is owned by Swansea council.

I have the exact address for Heather Crescent, where the company was based until October 12, 2023, and where the accused is said to live, but this property is privately owned and I’m assuming there’s no connection between the owners and those who probably rented it. So we’ll leave that there.

Let’s end this section by reminding ourselves that the arrested man, Anas al Mustafa, left A & T Food Transport at the end of September last year. The company is now run by the Swedish citizen I believe to be related, Mohammad al Mustafa.

◊

THE THIRD MAN

As I’ve said, the third director of the Swansea company was Ahmad Farhan Hudad. He seems to have been holding the fort during the interregnum.

Hudad has been involved in two other companies.

One being Amana Accountant Ltd. This company also uses the Ceri Road address. Does Swansea council have rules about running businesses from council houses?

There was never much to speak of in terms of money in this company until the accounts for y/e 31.01.2024 showed £50,000 appearing as intangible assets. (Later in the accounts described as ‘goodwill’.)

The second company is Pure General Trading Ltd. The other director here is Hiwa Mohammed Salman Amin. He gives as his address the new company address on the Enterprise Park in Llansamlet. To be exact, Unit 1, Aber Court, off Ferryboat Close.

There’s no money in this company, it files as dormant.

These Llansamlet properties are owned by Swansea council and this particular unit was leased in March 1981 for 75 years. So it’s presumably rented from the lessor.

But Pure General Trading began life, in May last year, at 83 Mansel Street, just out of the city centre, a scruffy property next-door to a nail bar.

No 83 is either being rented or, if it’s been sold, then the records haven’t been updated with the Land Registry.

◊

THE CARDIFF CONNECTION

If we turn to the Certificate of Incorporation for A & T Food Transport Ltd we see the company’s address given as being in St Mellons.

While Anis al Mustafa, the founding director, gives his address as 224 Whitchurch Road.

This Whitchurch Road property is owned by Somarz Properties LLP. Here’s the title document. Somarz seems to buy up property in and around Cardiff.

Though there’s a strange pattern to the dealings. If we check the Charges, we see that nineteen were delivered from the Principality Building Society on November 5, 2019 (one on Nov 4).

Nothing then until four were delivered in July 2022 from Arbuthnot Latham and Co (two of which were satisfied the same month), then a gap of two years until two more were delivered last month from Ultimate Bridging Finance Ltd.

But I’m having trouble making sense of it. Let me explain.

If we look at the latest (filleted) accounts for Somarz Properties LLP, to March 30, 2023, we see a massive jump in the value of ‘investments’ from the previous year. An increase of some £14.5m.

Yet, to go by the charges registered with Companies House, the only acquisition in that period was 131A Cyncoed Road. (The smaller property at the front.) And nice though Cyncoed might be, there’s no way a house on someone’s drive runs to £14.5m.

One possibility is that this windfall came from Zafar Malik, who seems to have died late in 2022, and who I assume was related to the current Partners. He was not a good landlord. Or a good neighbour.

As I’ve said before, Limited Liability Partnerships can be used to hide a multitude of sins. And very often do.

◊

AND SO TO BEDWAS

I’ve spent some happy hours in Bedwas, my Best Man hailed from there. Hell of a boy, Dai. Dead now.

He once told me a truly weird story from his youth, about sharing a police cell with former politician Ron Davies. It was somewhere in eastern England, typical Valleys boys on tour sort of thing. Struggling now to remember the details. Wish I could ask him.

Anyway, the man we began this tale with, the man on trial in Sussex, was also involved with a company in Bedwas. The company is still in existence, and it’s called A & B Marble Ltd.

There were two directors to begin with, the other one being Bilal Mahmoud Abou Isha. This company was launched March 4, 2020, at Aftab Foroze Consultancies Ltd in Bristol, with share capital of £10,000 split equally between the two directors.

I couldn’t find A & B at the address given, Unit B4, Pantglas Farm Industrial Estate. But at that address we do find Royal Marble. All explained by the fact that A & B Marble trades as Royal Marble. Which throws up another query.

A & B Marble Ltd is just over 4 years old, but the Royal Marble website tells us:

With over 20 years of experience, Royal Marble offers the highest quality quartz, granite and marble stone in the region.

So what was the registered company name for Royal Marble before A & B Marble?

But then the Royal Marble Facebook page says:

With over 25 years of experience, Royal Marble has offered the highest quality Quartz, Granite & Marble stone in the region.

To confuse matters further, there’s another website, this time for ‘Royal Kitchen Designs‘, explained thus:

Royal Kitchen Designs is a family-owned business, born out of the success of its sister company, Royal Marble, also in Bedwas, Caerphilly.

There’s something not right about these websites and FB page. They smack of ‘library images’, or even AI. They lack the human touch. Also lacking names.

And again, there’s little in the way of money or assets showing in the accounts, Despite all that expensive material on site and claiming to employ 5 or 6 people.

Before getting into the fitted kitchen business Abou Isha had a catering company in Neath called Damasspice Ltd, which lasted just a couple of years. It filed just one set of accounts, as a dormant company.

When Anas al Mustafa left A & B Marble he was replaced by another Syrian, Awad Mohammad Almobarack. Then he left A & B Marble in December 2021, and has surfaced again starting up two companies over in Pontypool earlier this year.

So we have a company in Bedwas that’s been going for 20 years (or is it 25), but it’s unclear under which flag it was sailing for most of that time because A & B Marble didn’t exist before March 2020.

In fact, a cynic might wonder if A & B Marble of Bedwas was formed solely to get a loan from the Development Bank of Wales. (Didn’t I mention that!)

◊

CONCLUSION

So many short-lived companies, with virtually no money or assets showing in the accounts (apart from one), and constant changes of address and personnel, can often look suspicious.

And so many different types of business. Such a multi-talented crew merits the title I’ve given this piece.

There’s even a sort of pattern, in that two guys form a company, then go their separate ways and recruit someone else for a new company, then it’s a case of rinse and repeat.

Virtually all those involved are Syrian. Making it reasonable to assume a Syrian link to these companies. But what is that link, and how does it operate?

And then there’s the question of how those involved managed to get social housing so easily. Did they claim to be refugees? Or did they say they was local boys, like?

And how much due diligence was undertaken by that respected institution, the Development Bank of Wales, before lending to A & B Marble Ltd?

Finally, those who preach Nation of Sanctuary, and demand open borders, really need to grow up and consider the real world consequences of being so ‘progressive’.

♦ end ♦

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Jac o' the North

Category: Business and Commerce

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