Three Directors Charged With Fraud Over ‘Ethical’ Forests in Costa Rica

Company owed millions of pounds to British investors

Undated image shows hikers making their way through the thick jungle of Corcovado National Park, Costa Rica. Louis Michel Desert/Dreamstime/TNS

Three company directors have been charged by the Serious Fraud Office (SFO) following the collapse of a company which offered ethical investments in the rain forests of Costa Rica eight years ago.

Ethical Forestry Limited, which was based in Bournemouth, collapsed in 2015 owing millions of pounds to 3,500 British investors, many of whom lost their life savings or their pensions.