Clarification notice regarding RED Guaranteed 16% 2 year Fixed Return Property Bond
It has come to our attention that Red Ownership Limited ("Red Ownership") has held itself out as having procured the services of Capita Trust Company Limited ("CTC") in respect of a product called the "RED Guaranteed 16% 2 year Fixed Return Property Bond" (the "Bond"). The terms and conditions in respect of the Bond make numerous references to CTC and the fact that it provides trustee services to Red Ownership under the Bond. Further, we have also seen a copy of a Nomination Agreement which purportedly seeks to appoint CTC as nominee for those parties investing in the Bond.
CTC has no business relationship with Red Ownership, whether contractual or otherwise, and it has not at any time agreed to accept the role which it is purported to undertake in the various documents which we have seen. No formal transaction documents have been agreed by CTC in respect of the Bond and at no stage was CTC aware of, and nor did it agree to, any such arrangement. Consequently, CTC has no business relationship with Red Ownership, has not received any funds nor operated any bank accounts on behalf of Red Ownership in respect of the Bond.