Charlotte Fakes Reveals “Stud” Connection with Rangers’ Charles Green by Ecojon

I noticed one of the Charlotte Fakes ‘leaked’ docs had an email address for Charles Green: cgreen@holmedownstud.com and I wondered whether this was kosher or faked as I hadn’t previously come across Green being connected with a company of that name.

A quick look showed the website registrant for holmedownstud.com was John Paul Fraser of Whitley Bay.  I wondered if he was connected with Paul Fraser from Newcastle who set-up Panceltica – the AIM company which floated in March 2008 with a market cap of £236 million and within two years had crashed, burned and was liquidated with most investors losing their lot.

But Paul Fraser is into construction and huge companies so would he be connected with a horse stud business whose non-working website is registered to a very modest Newcastle address with barely enough garden space for a Yorkie terrier let alone a donkey?

I then remembered that Green stayed at Holme Downe in Okehampton prior to his ultimately disastrous AIM venture in the Middle East with Medical Solutions which pre-dated him becoming vice chairman of Panceltica in his next AIM adventure.

So there was the possibility that ‘Holme Downe’ could connect with the Green’s email address as given by Charlotte Fakes.

But given the connection to the ‘Fraser’ surname I wondered whether I had previously missed any links when looking at the Jersey-incorporated Panceltica and Green – what can I say other than mea culpa, mea maxima culpa?

The flotation document for Panceltica Holdings states:

‘On 1 October 2007 the Company’s subsidiary Panceltica Limited entered into an agreement whereby M & M Services Limited (a company registered in the British Virgin Islands) was retained to advise on the proposed flotation on a success fee of 1 per cent of the Enlarged Share Capital at Admission, plus the issue of Share Options (in favour of M & M Services Limited or its nominee) over 400,000 Ordinary Shares at the Introduction Price. These share options are to be issued in favour of Mr C. A. Green’.

I wonder who M&M Services are and what other offshore financial interests Chico has? It sounds a bit like the Orlit operation who were threatening to close Rangers down recently if they weren’t paid £400K for introduction fees arising from introducing original consortium investors to Sevco 5088 or possibly Sevco Scotland. As things have gone quiet I’m assuming the dosh has been paid?

And, of course, the British Virgin Islands are much-beloved of Craig Whyte whose Liberty Capital Limited is registered there.

OK so this just confirms what we already knew that there was a close connection between Chico and Paul Fraser of the crash & burn Panceltica. But what about John Paul Fraser is there a connection there?

Well, lo and behold, just like Chico, a John Paul Fraser is also listed as an option shareholder of Panceltica Holdings and it’s quite clear he isn’t the same person as the main man Paul Fraser.

We know that the web registration for the company with Chico’s web address shows John Paul Fraser as living at an address in Whitley Bay, so it makes sense to see if anyone else involved with Green or Panceltica is also connected to that address.

William Fatherley is registered as a director of the now dissolved FBF Ltd registered at that address and surprise, surprise Mr Fatherley is Paul Fraser’s son-in-law and was given a job as Panceltica’s chief operating officer as well as share options in Panceltica.

However after that project went so disastrously wrong for AIM investors in jig time, Will returned to his North East roots and has set-up ‘March ThirtyOne Ltd’.

His CV on the company website is truly awesome:

‘Will left the UK to take up an international position as C.O.O. of a technology based construction business, delivering fast track buildings for clients in the Middle East. Based in Qatar, Will was responsible for over $1m spend per day and set up new complex sourcing solutions from Eastern Europe, China and Turkey. He had a team of 1500 employees under his control and oversaw a successful flotation of the business on AIM in March 2008’.

Investors who lost their money might think that spending over $1 million per day of their dosh might have been a big part of the subsequent problem.  And as with many ‘successful’ AIM flotations the shine fades fast when the money raised disappears – especially in the desert sands.

Still, Mr Fatherley has proven that a well-written CV is the key to future success no matter what actually happened in the past and if the company you were made the COO of by your wife’s dad get buried in the sands of Arabia then don’t mention its name on your CV.

There are many more connections which tie Green to Paul Fraser such as the Royal Haslar Hospital project, which followed the Panceltica debacle, and which Green and Fraser left earlier than expected by locals.

In November 2009 Green became a director in Our Enterprise Haslar Limited but this was terminated in April 2010.  Andrew Parker Bowles, the former husband of Camilla, was a fellow director in the project to develop and regenerate the former Royal Haslar military hospital in Gosport, near Portsmouth, which included building a veterans’ village on the site.

Asked about Charlie, Brigadier Parker Bowles expressed surprise at his interest in Rangers and said he seemed more interested in horse racing and added: “We were all a bit surprised when he left because he had been driving the business.”

Posted by Ecojon