KUBR

Three directors imprisoned for £70m pension investment fraud in Costa Rica scheme

Ethical Forestry Limited · Investment / Agricultural Services

Misuse of raised fundsGovernance failureForged documents

The case in brief

Visible before detection

    Checks that could have surfaced it, on hindsight

    1

    Ownership / related-party links

    False company names and undisclosed ownership structure concealing fraud operation

    Can mislead when: Nominee directors and offshore layers hide links. Name matching throws up false positives, so every flag shows its evidence path.

    2

    End-use tracing of funds

    Funds diverted to personal property purchases rather than tree-planting maintenance

    Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.

    Where Kubr services would have helped

    Borrower monitor

    Offered in India
    • C3 False company names and undisclosed ownership structure concealing fraud operation
    • C6 Funds diverted to personal property purchases rather than tree-planting maintenance

    Proceeds tracer

    Offered in India
    • C3 False company names and undisclosed ownership structure concealing fraud operation
    • C6 Funds diverted to personal property purchases rather than tree-planting maintenance

    Verified Snapshot

    Offered in India
    • C3 False company names and undisclosed ownership structure concealing fraud operation

    Financial diligence

    Offered in India
    • C3 False company names and undisclosed ownership structure concealing fraud operation

    Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.

    A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.